COMG Amd Commo Exagr

RNS Number:4122D
Commodity Growth PLC
06 September 2007

6 September 2007

Commodity Growth plc



                     Appointment of Senior Management Team

                                Issue of Shares



Commodity Growth plc ("CGP" or "the Company"), the AIM listed (code COMG.L)
specialist commodities investment group, is pleased to announce the appointment
of a number of new senior staff, in line with its recent change in strategy to
focus on investment in rare commodities used in the energy and environment
sectors, particularly those used in the fast growing economies of Asia.



The new team, including Chief Executive Benson Day, has agreed to take shares in
the Company in lieu of salary.  The unusual arrangement will allow Commodity
Growth not only to keep overheads down but to maximise the funds available to
pursue the new strategy.



Mr Zhou Zia Min has been appointed Chief Operating Officer.  Mr. Zhou has more
than 25 years of experience in the molybdenum mining industry. Previously as a
Mining Engineer of Lonan Ziu Long Molybdenum Mining Company, Xi'an, China, he
specialized in blasting operations in difficult and technically challenging
terrain.  He has a range of experience in under ground and surface mines, and
has been involved in the development and operation of several molybdenum mines.



Mr Shen Jun Qing has been appointed Chief Technology Officer.  Mr. Shen has 40
years experience in mining, engineering and production. He has been Chief
Engineer for over 11 mining companies, including: Dunhuan Vanadium Works,
Jiuhquan Steel Corp., Geotai Fluorite Works, Shanxi Ankang Molybdenum Ltd., and
Yumen Steel Corp. He was previously Director of the Mine Exploration Division of
Jiuquan Geology Institute.



Mr Zhou Tze An has been appointed Chief Engineer.  Mr Zhou has more than 20
years experience in hard rock and molybdenum mining, covering management and
operation of mines, risk management and blasting operations.  He has particular
expertise in the assessment and redirection of underperformed mines and
projects.  He previously worked for Shanxi Mining Company, Xi'an, China.



In line with the shares for salary agreement noted above, the Company is issuing
10 million new ordinary shares, at a price of 5p per share, a 54% premium to the
current market price, to the new management team and advisors, including up to 3
million shares to Benson Day, the Chief Executive. The use of shares rather than
cash to remunerate staff and consultants will reduce the cash burn of the
Company and align the interests of the management team with the shareholders.
The new staff must complete at least one years service before they are entitled
to sell the shares.



James Holmes, CGP Chairman, said "The new team has significant experience of the
commodity sector in China, particularly molybdenum, which is the Company's
initial investment focus.  Working with the new Chief Executive, Benson Day,
they are responsible for identifying and doing due diligence on potential
investments.  We are confident of announcing the first potential investments in
the near future."



For further information visit www.commoditygrowth.com, or contact:



Elaine Wong                         Paul Quade
Commodity Growth plc                City Road Communications
+65 6225 1219                       020 7190 7000




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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