THEMAC Resources Appoints Andrew Maloney to the Board of Directors and Interim Chief Executive Officer

THEMAC Resources Appoints Andrew Maloney to the Board of Directors and Interim 
Chief Executive Officer 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/25/13 -- THEMAC
Resources Group Limited (TSX VENTURE:MAC) ("THEMAC" or the "Company")
today announced that Andrew Maloney has been appointed as a Director
and Interim Chief Executive Officer, effective the 15th February,
Andrew Maloney is Managing Director of Tulla Group, the family
investment office of the Maloney's. Tulla Group is the major
shareholder in THEMAC with its investment focus on the resources
sector. Prior to his Managing Director role at Tulla Group, Andrew
Maloney was an Executive at The MAC Services Group, Australia's
largest integrated mining accommodation provider. During his 10 years
at The MAC Services Group, he was instrumental in that company's
growth, its public listing on the ASX in 2007 and then the ultimate
sale of the company in 2010 for $651m to the NYSE listed Oil States
International Inc. While at The MAC Services Group, Andrew Maloney
also served as Chairman of the Investment Committee. 
Andrew Maloney has held numerous roles in the development and
construction industry. He holds a Bachelor's Degree in Project
Management from the University of Technology in Sydney and has also
ted a Master's Degree in Business Administration at IE in
Madrid, which is currently ranked as Europe's top business school. 
The new Chief Executive Andrew Maloney said, "I'm looking forward to
leading the business through this period of development. THEMAC has a
great team and we will be working hard to achieve the key project
milestones ahead of us and more importantly generate value for our
shareholders. These targets include completing a Definitive
Feasibility Study and permitting to develop the Copper Flat project,
and funding for the project's construction." 
Andrew Maloney has been reviewing the funding requirements for the
Copper Flat Project and is currently in discussions with financial
partners. An amendment to the existing debt facility provided by
Tulla Group has been agreed in principal, with the facility
increasing from C$25m to C$30m to provide working capital to the
Company as it continues with the Definitive Feasibility Study and
permitting requirements for the project. The facility is proposed to
be extended until 31 July 2013, and to be secured by a fixed and
floating charge over the assets of the Company and its subsidiary,
New Mexico Copper Corporation. Kevin Maloney, the Chairman of the
Board of THEMAC, is also the controlling shareholder of the Tulla
Group, and together with the Tulla Group controls 50,806,879 common
shares of the Company, representing 68.55% of the outstanding
The Facility is not convertible into shares of the Company, and the
amendment to the facility will not affect Tulla's or Kevin Maloney's
shareholdings in the Company. The amendment to the facility has been
reviewed and approved by the independent members of the Board of
Directors. The amendment to the Facility is subject to the approval
of the TSX Venture Exchange. 
In connection with the appointment, the Company granted to Andrew
Maloney options to purchase 500,000 common shares of the Company,
exercisable at $0.38 per share, pursuant to the Company's stock
option plan. 
About THEMAC Resources Group Limited  
THEMAC is a copper development company with a strong management team
which acquired the Copper Flat copper-molybdenum-gold-silver project
in New Mexico, USA in May 2011. We are committed to bringing the
closed copper mine, Copper Flat, in Sierra County, New Mexico back
into production with innovation and a sustainable approach to mining
development and production, local economic opportunities and the best
reclamation practices for our unique environment. The Company is
listed on the TSX Venture Exchange (ticker: MAC) and has issued share
capital of 74,117,622 common shares (fully diluted share capital
For more information please visit or
review the Company's filings on SEDAR (
THEMAC Resources Group Limited
Andrew Maloney
+44 7539 466703
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