CEO Coastal Energy CO Com Usd0.01

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Marengo Mining Limited ("Marengo" or the "Company")
(TSX:MRN)(ASX:MMC)(POMSoX:MMC) is pleased to announce the appointment of current
Director, Mr. Pieter Britz, as Chief Executive Officer ("CEO"), effective
immediately. 


With effect from today, Mr. Les Emery, Founding Director, President and current
CEO, has stepped down from the Company.


Mr. Emery, a well respected and experienced Australian mining executive, founded
Marengo in 2002, listing the Company initially on the Australian Stock Exchange
("ASX") and subsequently, the Papua New Guinea and Toronto Stock Exchanges, and
acquiring the Yandera Project, Madang Province, Papua New Guinea ("PNG"), where
the Company has been working to develop a copper-molybdenum-gold project for the
last eight years. Under the leadership of Mr. Emery, Marengo has developed
strong working relationships with the local Yandera community and land owners,
and the Provincial and National Governments of PNG. 


Mr. Emery will assist in the transition to the new senior management team and
their introduction to government and stakeholders in PNG. 


"On behalf of the Board, our senior management team and employees, I would like
to thank Les for his strong leadership, contributions and commitment to the
Company and the Yandera Project over the last twelve years," said Company
Chairman, Mr John Hick.


"With the appointment of Mr Pieter Britz as CEO, as well as the appointment of
Mr John Mears as Chief Operating Officer ("COO"), and the previously announced
appointment of Mr Alex Dann as Chief Financial Officer ("CFO"), Marengo is well
positioned to continue to pursue its goal of the successful development of the
Yandera Project." 


Mr. Britz is an industrial engineer with over 20 years' experience as a mining
professional, and has served on the board of a number of resource companies in
Canada, Australia and China. Pieter is a registered professional engineer, and a
member of AusIMM.


After spending 13 years in mining in Africa with Kumba Resources, Pieter spent 3
years in investment banking with Royal Bank of Canada in Australia, until 2007
when he joined The Sentient Group ("Sentient") as an investment professional in
private equity. Sentient is the largest shareholder of, and a lender to Marengo.



Mr. Mears is a licensed geologist in the USA and is also a member of AusIMM. He
has over 20 years experience in exploration and mining, during which time he has
been a director of a number of companies and was involved in a number of
successful mine start ups. He currently operates his own geological consulting
firm and drilling company. 


Through his consulting firm, John has worked with The Sentient Group since the
mid 1990s, where his role includes ensuring that geological assessments are
undertaken to the highest standards by qualified personnel, as well as
initiating new exploration concepts.


The new management team's immediate priority will be to conduct a comprehensive
evaluation of the feasibility of the Yandera project. As part of this review, a
full geological audit of the Yandera resource, and a program to identify
potential higher grade, near surface prospects aimed at significantly improving
resource economics, has also commenced. Marengo will continue to work very
closely with the Government of Papua New Guinea, the Yandera community, and
other relevant stakeholder groups.


 www.marengomining.com 



COMPANY NO. 822513-3 / ARBN: 161 356 930                                    
MARENGO MINING (AUSTRALIA) LIMITED (ABN: 57 099 496 474)                    
YANDERA MINING COMPANY LIMITED (COMPANY NO. 1-53202)                        
MARENGO MINING (PNG) LIMITED (COMPANY NO. 1-76844)                          



FOR FURTHER INFORMATION PLEASE CONTACT: 
Marengo Mining Limited
Dean Richardson
Corporate Secretary and VP-Investor Relations
+1 647 3282449
deanr@marengomining.com
www.marengomining.com

Grafico Azioni Coastal Energy CO Com Usd0.01 (TSXV:CEO)
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