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Bold+ACIAOw-color:+ACM-FF9900+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-i style+AD0-'mso-bidi-font-style:normal'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs-font-family:+ACI-Tahoma Bold+ACIAOw- mso-bidi-font-family:+ACI-Tahoma Bold+ACIAOw-color:+ACM-FF9900'+AD4-George Jones to retire, effective from 31st August 2009 +ADw-/span+AD4APA-/i+AD4APA-/b+AD4APA-b+AD4APA-i style+AD0-'mso-bidi-font-style: normal'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:+ACI-Tahoma Bold+ACIAOw-mso-bidi-font-family: +ACI-Tahoma Bold+ACIAOw-color:+ACM-FF9900'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: 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style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'color:+ACM-1F497D'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-International iron ore company Sundance Resources Limited (ASX: +ADw-span style+AD0-'mso-bidi-font-weight:bold'+AD4-SDL +ADw-/span+AD4-? +ACY-quot+ADs-the Company+ACY-quot+ADs-) announces that George Jones has advised that he will retire as the Company?s Chairman, effective from 31+ADw-sup+AD4-st+ADw-/sup+AD4- August 2009. +ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-Mr Jones will be succeeded as Sundance Chairman by highly experienced Australian iron ore executive Geoff Wedlock. Mr Wedlock has been a Non-Executive Director of the Company since October 2007. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-Mr Wedlock brings more than 40 years experience in the mining industry to his new role. His previous positions include Executive Vice President and CEO of+ACY-nbsp+ADs- BHP Iron Ore, where he was directly involved in the development of four iron ore mines, upgrades of two ports and two railways, and the development of iron ore processing operations. Mr Wedlock was also previously Managing Director of the successful Australian iron ore producer, Portman Limited.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-Mr Jones, who is also stepping down as Chairman of Gindalbie Metals Limited (ASX: GBG), has decided to retire to enable him to focus on completing his rehabilitation from a previous medical operation. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-Mr Wedlock commented: ?Sundance is indebted to George Jones for the contribution he has made to its growth and development. He has played a key role in the Company?s progress towards becoming a significant international iron ore company based on its Mbalam Project in West Africa.?+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-?Since George joined the Board as Chairman in late 2006, Sundance has secured over +ACQ-90 million in capital from a range of strategic investors, including Talbot Group Holdings. This funding has underpinned our exploration program, which has so far defined a combined total Indicated and Inferred Resource of 2.5 billion tonnes of high grade and itabirite hematite at Mbalam, putting the Project well and truly on the global iron ore map,? he added. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-Mr Wedlock thanked Mr Jones for providing strong leadership and governance during his tenure as Chairman. ?George has assisted Sundance develop relationships with a range of international parties which we expect to underpin the future success of the Company,? he said.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-Mr Jones said that while he was sad to be stepping down, it was with a great sense of satisfaction that the platform and strategy was firmly established to enable Sundance to grow into a successful iron ore company.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-?Sundance had enjoyed tremendous exploration success in delineating a world-class resource at Mbalam in the Republic of Cameroon. The Company had also secured some exciting new iron ore prospects in the neighbouring Republic of Congo. As a result, Sundance is well placed to progress development of the Mbalam Project, which I am confident will prove highly rewarding for all stakeholders.?+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-?I look forward to participating in the Company?s growth as a continuing shareholder and wish the Sundance Board, management team and staff every success in the future,? Mr Jones added.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-Sundance Director Ken Talbot, whose investment company Talbot Group Holdings has a 21+ACU- stake in the Company, extended his best wishes to Mr Jones. ?I would like to pay tribute to George, whom I have known for many years. He has made an enormous contribution to the development of the iron ore and coal mining sector in Australia and I wish him and his family all the very best for the future,? Mr Talbot said.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-?George has done a tremendous job in leading the Company through its development phase over the past two years. Mbalam is an iron ore asset of considerable strategic value which is attracting interest from potential off-takers, constructors, investors and financiers from around the world,? he added.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-?I am delighted that Geoff Wedlock is assuming the Chairmanship of Sundance and I look forward to working very closely with Geoff to take advantage of these opportunities to maximise the potential of the Mbalam Project. Sundance is very fortunate in having a Non-Executive Director of the calibre of Geoff available and keen to move into the Chair, thereby ensuring a very smooth transition,? Mr Talbot said. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4-+ADw-span style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size:11.0pt+ADs- font-family:Georgia'+AD4-Sundance?s CEO Don Lewis said: ?Geoff Wedlock and I will meet with the Company?s key stakeholders and Government partners as part of the transition process and we will take this opportunity to progress negotiations that will underpin the future success of the Company.?+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-mso-bidi-font-size: 11.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-?On behalf of the Board, management and staff at Sundance and our subsidiary companies, CamIron SA and CongoIron SA, I would like to 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