Deutsche Rohstoff: Supervisory Board appoints Jörg Reichert as new Board Member

Deutsche Rohstoff AG

Deutsche Rohstoff: Supervisory Board appoints Jörg Reichert as new Board Member

Deutsche Rohstoff AG

Titus Gebel resigns as planned at the end of the year/Thomas Gutschlag as new CEO

Heidelberg. The Supervisory Board of Deutsche Rohstoff AG today appointed the geologist Dr. Jörg Reichert (43) as the new CTO of the company, effective 1 January 2015. He will in particular be responsible for the mining projects of the Group.

Jörg Reichert has worked for Deutsche Rohstoff since September 2008. He has extensive international experience in the exploration and development of mineral deposits, especially in gold, tin, zinc and rare earth elements. Among other things, he was the responsible manager for DRAG’s projects in Saxony. He currently heads the Leipzig office in the function of Chief Geologist. He is also the Managing Director and CEO of DRAG’s subsidiaries Sachsenzinn GmbH and Ceritech AG, which are also based in Leipzig. Mr Reichert will maintain both of these positions.

As already announced in December 2013, the co-founder of Deutsche Rohstoff and current CEO, Dr. Titus Gebel, resigns from the Board at his own request and for personal reasons as of 31 December 2014. His role as CEO of the company will be taken over by the former CFO, Dr. Thomas Gutschlag. In addition to the new responsibilities, Mr. Gutschlag will continue to cover the areas of finance, investor and public relations.

Titus Gebel will remain available as a Consultant and in his current positions as member of the board of DRAG`s subsidiaries. The Supervisory Board and Mr. Gebel have agreed that his shares in the company of currently around 9% of the share capital may only be sold “market-friendly”, which means they can only be sold at a low percentage of the daily trading volume or over the counter.

Heidelberg, 12 December 2014