Black Mountain Resources Limited announced that Mr. Valentine Chitalu has agreed to join the board as a Non-Executive Director of the company, subject to the company completing its acquisition of the producing and exporting Namakera Vermiculite Mine and Busumbu Phosphate Project in Uganda, Mr. Chitalu is a highly respected African businessman and entrepreneur who has over 20 years' specialisation in private equity and local private sector development in Africa, with further experience in the fields of privatization, merchant banking, corporate finance, accounting, auditing, development economics, capital markets and business development in transitional economies. Mr. Chitalu holds several board positions in Zambia, Australia, South Africa and the United Kingdom. He is currently Chairman of Phatisa Group.

He is also Chairman of MTN (Zambia) and SABMiller (Zambia) and has been a non-executive Director of African Energy Resources Limited since 2006.