Heron's Spin-off Ardea Resources Appoints Board Of Directors

Sydney Australia, Nov. 07, 2016 (GLOBE NEWSWIRE) -- Heron Resources Limited (TSX: HER; ASX: HRR) ("Heron" or the "Company") is pleased to advise that its gold-nickel spin-off, Ardea Resources Limited ( Ardea) has appointed a well credentialed independent Board to oversee its imminent listing on ASX and on-going operations. The Board combines a focussed blend of exploration, development and corporate expertise well suited to Ardea's strategic plan.

The Ardea Board consists of:

Chairman Ms Katina Law (BCom, CPA, MBA, GAICD)

Managing Director Dr Matthew Painter (BSc (Hons), PhD)

Non-executive Director Mr Ian Buchhorn (BSc (Hons), Dip Geosci (Min Econ), MAusIMM)

CFO & Company Secretary Mr Sam Middlemas (BCom, PGrad Dip Bus, CA)

Katina Law (Chairman)

Katina Law has over 25 years' experience in the mining industry covering corporate and site based roles across several continents. Over the past ten years she has worked with a number of ASX listed resources companies in strategic financial advisory and general management roles. She has worked on a number of development and evaluation projects which were later subject to corporate transactions including the Deflector gold and copper project and the King Vol polymetallic zinc project. Ms Law was Executive Director and CEO of East Africa Resources Limited from 2012 to 2015. Ms Law has also held senior positions at Newmont Mining Corporation's head office in Denver, USA producing the company's financial plans and providing financial information and analysis to the Board of Directors and the Executive Committee. She held the position of New Business Development Executive at LionOre International based in Perth where she was responsible for the financial assessment of development projects. Ms Law has a Bachelor of Commerce degree from UWA, is a Certified Practising Accountant and has an MBA from London Business School. She is a currently a non-executive Director of headspace and Gumala Enterprises Pty Ltd. Ms Law has no other public company directorships.