Michael Barton Promoted to Managing Director at Pala Investments

Pala Investments, an investment company focused exclusively on the mining sector, is proud to announce that Michael Barton has been promoted to the position of Managing Director.

Mr. Barton has been with Pala since its earliest days and has contributed significantly to its growth. Michael has been involved in many of Pala´s largest transactions, including Pala´s investments in Sierra Rutile (AIM:SRX), Anatolia Minerals Development Corporation (TSX:ANO), Avoca Resources Limited (ASX:AVO), Peninsula Energy (ASX:PEL) and Norcast Wear Solutions. He has developed numerous investment opportunities and, as a board member, has provided effective oversight and value-enhancing guidance to many of Pala´s investments. Michael currently serves on the boards of Sierra Rutile (AIM:SRX), Peninsula Energy (ASX:PEL), Elemental Minerals (ASX:ELM), WDS Limited (ASX:WDS) and Hana Mining (TSX-V:HMG).

Jan Castro, Chief Executive Officer of Pala, said, "Mike has demonstrated his ability in investment origination, execution and management over an extended period of time, both personally and as a central member of Pala´s leadership team. I take this opportunity to congratulate Mike and to wish him continued success as he assumes responsibility for a portfolio of Pala´s investments."

About Pala

Pala Investments is an investment company focused exclusively on the mining sector with a strong track record of successful investments and value creation. Pala´s team has extensive experience within the sector and seeks to assist companies in which it has long-term shareholdings by providing strategic advice and innovative solutions in development, production, turnaround and advanced exploration situations. Pala invests across all geographies and in all mining commodities as well as mining services and consumables. For more information, visit www.pala.com.