Variscan Mines Limited has appointed Mr. Stewart Dickson to the Board of Variscan as Chief Executive Officer. Mr. Dickson is an experienced corporate financier with a decade of investment banking experience. Most recently, he was a Managing Director and Head of Metals & Mining at Cantor Fitzgerald Europe, based in London.

He had responsibility for client coverage of public and private mining companies across precious metals and base metals, bulks, fertilizers and specialty metals. Greg Jones, Variscan's Managing Director since 2009, has been appointed as Executive Technical Director. Greg's continued role with the company will ensure the retention of essential corporate/technical skills and intellectual property that he has acquired since he joined Variscan.

Greg will assist in the management of the Company's mineral exploration and project assessment and will provide technical and operating advice to Variscan as it progresses its programmes in Europe.