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New GBS Gold chief resigns

Outgoing GBS CEO
Peter Breese
Toronto, Canada — MININGREVIEW.COM — 1 September 2008 – GBS Gold International Incorporated (GBS) – a Toronto-listed junior gold producer with 4.4Moz of reserves in Australia – has announced that new CEO Peter Breese – who assumed duty at the beginning of this month – has resigned.

Revealing this development in a news release issued here, the company said that – in line with its restructuring plans and for personal reasons – Breese had resigned his position as CEO by mutual agreement. He would remain as a key adviser to the company

Breese had previously been COO of nickel-miner LionOre Mining International when it was acquired by Norilsk Nickel. GBS chairman Gil Playford would take over as CEO of the company, the release said.

The company announcement added that Tony Simpson – who had been COO of GBS Gold since its inception in 2005 – was also resigning with immediate effect. He was being replaced by Grant Davey.

Mr. Davey is a mining engineer with 18 years’ experience in the mining industry, including senior mine and operational management roles within the AngloGold Ashanti and Anglo American organisations in South Africa and Australia.