Planet Metals Limited announced changes in the composition of its Board of Directors. Managing Director, Brett O'Donovan, has agreed that his employment with the company would come to an end. Non-Executive Director, Barry Kelly, has also resigned from the Board.

O'Donovan and Kelly's departures will take effect immediately. Current Chairman, Thomas Pickett will assume executive duties and two new Directors have been appointed, namely Laurie Johnson and John Hamilton. Laurie Johnson is a geologist with more than 45 years' experience in exploration, development and mining throughout Australia and overseas, particularly the Pacific Rim.

Johnson has extensive experience in the ASX-listed junior resource sector with previous roles including Managing Director and Chairman of City Resources in the late 1980s and Managing Director of Monto Minerals from 1995-2003. Laurie was also involved in the discovery and development of the Red Dome and Selwyn gold-copper mines in North Queensland and was a former director of Elders Resources. Johnson's past experience in porphyry copper-gold systems augurs well for his future input into Planet's current projects.

This experience relates directly to Planet's Appletree copper prospect within the Mount Cannindah project, which Johnson has previously worked on. John Hamilton is an experienced finance and investment executive who has been running a private investment company for the last 24 years. Hamilton is also experienced in various forms of transport and logistics having operated transport companies which he later sold to a large transport, storage and infrastructure group.

Hamilton's experience in securities, financial transactions and corporate management will complement the Board. Hamilton is a major shareholder in PMQ having recently acquired 9.57% of the company's shares.