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Georgian Mining Corp

Georgian Mining Corporation New Cabinet in Georgian Government, great news for the Company

Mike Struthers, Chief Executive Officer, said

“These new appointments are great news for the Company as they are the first milestone that we have been waiting for in the remaining steps towards extending our exploration permits.

“As we explained in our recent announcement (on 5th July 2018) although the previous Minister of Economy endorsed our application just before the former Prime Minister resigned, it is necessary for the new Minister to also endorse the application before the Government Resolution can be circulated and approved.

“Although it is difficult to be precise as to when the overall process will be completed, this is an important step forwards. We continue to remain optimistic this will be resolved soon and allow us to push ahead with our 2018 work programme.”

Georgian Mining Corporation (LON:GEO)  advised that the Parliament of Georgia has today confirmed the appointments of its new cabinet ministers, following the resignation of the former Prime Minister and his cabinet on June 13th, 2018.

Some of the key ministerial appointments include:

· Minister of Economy – Giorgi Kobulia;

· Minister of Finance – Ivane Machavariani;

· Minister of Environment Protection and Agriculture – Levan Davitashvili;

· Regional Development and Infrastructure Minister- Maia Tskitishvili;

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.