Reliance appoints new CFO

Tuesday, April 3 2012 - 03:31 AM WIB

By Alexander Ginting

Vancouver-based Reliance Resources Ltd., an Indonesian gold explorer, with a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera announced on Monday it has appointed Julien McInally as Chief Financial Officer.

Harvey Lim, the Company's former CFO, will move to the position of Corporate Secretary.

McInally has over 15 years experience in the resource sector. He was most recently CFO of Gladstone Pacific Nickel Limited and has previously held various roles with BHP Billiton within their nickel and chrome business. He is a Certified Practicing Accountant and has a Masters of Business Administration.

"Julien's experience with international financial transactions within the resource sector and his experience in the Asia-Pacific region will greatly assist the company as it focuses on the development of its projects in Indonesia", commented Scott Emerson, President.

Currently, the company is focusing on three of its five Indonesian gold projects; preparations for Phase 2 drilling on the Tanoyan Gold Project are underway, surface exploration programs ongoing at the Kapa Kapa Gold Project and the Roko Gold Project.

Editing by David Mustakim

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