Energy Ventures Limited announced that Mr. Lachlan Reynolds will step down from the position of Managing Director with immediate effect. Mr. Reynolds has resigned to pursue other interests and will take up a new position within the minerals industry. He jointed the company in early 2008 and subsequent appointed to the Board in November 2010.

As Energy Ventures' Managing Director, Lachlan has led a team that successfully completed due diligence studies and capital raisings to support the acquisition and subsequent development of the company's Aurora uranium project in the northwest USA. Mr. Alasdair Cooke, Executive Chairman; Mr. Bill Fry, Executive Director; and Mr. John Hasleby, Vice President ­US Operations will continue to manage the ongoing activities and technical studies of the company.