Pacific Coal Resources Ltd announced the appointment of Mr Hernan Martinez as a director and Executive Chairman of the Company, effective immediately, to replace the Company's current Co Chairmen, Mr Serafino Iacono and Mr Miguel de la Campa.

Mr Iacono and Mr de la Campa have tendered their resignation as Co Chairmen but will continue on in their role as directors of the Company.

Mr. Martinez has served as the Colombian Minister of Mines and Energy from July 2006 to August 2010 and has also served as President of International Colombia Resources Corporation, President of Atunec SA, President and Chief Executive Officer of Exxon Mobil Colombia SA and Manager of Corporate Planning for Esso Colombiana SA.

Previously, he has acted as a director of various private and public companies, including Interconexion Electrica SA ESP, Transmision Electrica SA, and Inversura SA, ISAGEN Energia Productiva, and Cart Ecopetrol. Mr. Martinez has also served as Council President and Representative of the President of Colombia at the National Hydrocarbons Agency (ANH). He currently sits on the board of directors of CB Gold Inc, Pacific Rubiales Energy Corp and Gran Colombia Gold Corp.

Pacific Coal Resources Ltd. is a Canadian based mining company focused on coal, coking coal, asphalt and asphaltite exploration, development and production from prospective producing, development stage and exploration-stage properties in Colombia.

Source - Pacific Coal Resources Ltd

(www.coalguru.com)