Indiana Resources Limited announced Mr. Richard Maish has been appointed as Chief Executive Officer with immediate effect. Richard is a highly experienced investment banking executive, with a strong background in the resources sector. With a BA majoring in Economics & Economic History from UNSW, Richard began a career with NAB, progressing to Executive in the NSW Structured & Project Finance Division.

Richard was then a founding member of CIBC Wood Gundy's Australian presence and a Director of CIBC's Global Mining Group. Since 2012 Richard has been an Executive & CFO for Australian Mineral & Waterwell Drilling (AMWD), a drilling services business that aligns itself strategically with its clients to partner on mineral exploration opportunities. Richard is also a founding shareholder and an Executive & CFO of Bacchus Resources Pty Ltd, which owns an advanced exploration and mining development project in the Northern Territory, along with earlier stage exploration projects in NSW & QLD.

Bacchus Resources, through its association with AMWD, owns strategic positions in a number of ASX listed exploration companies, of which Indiana Resources Ltd. is one.