Oro Verde Limited advised that Mr. Trevor Woolfe has been appointed Managing Director. Mr. Woolfe has held the position of Chief Executive Officer since last year's AGM and is an experienced and highly regarded industry professional. Previously he was the Managing Director of Anchor Resources Ltd. until Chinese interests acquired a majority interest in 2011 and more recently has been consulting on projects in Australia, Nicaragua, Chile, Zambia and New Zealand.

Mr. Woolfe's appointment is with immediate effect.