Energem Resources Inc - Appointment of Tom Swithenbank as Chief Executive Officer for its Biofuels Division



    TSX: ENM

    VANCOUVER, Oct. 10 /CNW/ - Energem Resources Inc ("the Company") is
pleased to announce the appointment of Mr Tom Swithenbank to the management
team of the Company and in particular to his appointment as Chief Executive
Officer for its Biofuels Division. Mr Swithenbank will manage the expansion
across Africa of the Company's Biofuels activities from their current base in
Mozambique, and will be responsible for the general management of the Biofuels
office. His appointment takes immediate effect.
    Prior to his appointment, Mr Swithenbank was Chief Executive Officer of
Aricom plc, the Anglo-Russian developer of mineral resources, which was
established and listed on London's AIM in 2003. During Mr Swithenbank's
tenure, Aricom plc acquired interests in, and initiated development at, four
major iron ore deposits in Russia's Far East.
    Mr Swithenbank completed a Masters in Finance at London Business School
and worked for six years as a investor in the EMEA equity markets, initially
as a proprietary trader with West Merchant Bank and subsequently as a fund
manager with WestLB Asset Management. Mr Swithenbank's background in finance,
strong understanding of technical finance and investment appraisal, as well as
his corporate experience in young businesses, will prove valuable in the new
field of Biofuels.
    In commenting on this appointment, Jimmy Kanakakis President and Chief
Executive Officer of Energem stated:
    "The appointment of Tom Swithenbank to our management team reflects the
continuing positive growth and focus on the development of our Biofuel
projects across Africa. We welcome Mr Swithenbank to our team and are
confident that his presence will add considerable value to the Company's
endeavours at a time of very exciting developments across our business".

    This news release contains forward-looking statements which address
future events and conditions which are subject to various risks and
uncertainties. The actual results could differ materially from those
anticipated in such forward-looking statements as a result of numerous
factors, some of which may be beyond the Company's control. These factors
include: the availability of funds; the costs and availability of fuel
products; fluctuations in fuel product sale prices; currency fluctuations;
changes in production costs; fluctuation in shipping costs; availability of
shipping; general market and industry conditions; political and regulatory
instability and risks associated with rights to title and ownership of fuel
products.
    Forward-looking statements are based on the expectations and opinions of
the Company's management on the date the statements are made. The assumptions
used in the preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue
reliance should not be placed on forward-looking statements.

    Energem Resources Inc. is a natural resources company listed on the
Toronto Stock Exchange with projects in the energy and mining sectors in a
number of African countries. Energem is committed to developing niche high
margin natural resource projects in Africa and is currently active in
10 countries. Ventures encompass diamond mining and mineral exploration, mid-
and up-stream oil and gas projects, energy and mining related manufacturing,
trading and trade finance businesses operating off a common logistics platform
and infrastructure. The company has offices and/or logistics and support
infrastructure in Johannesburg, London, Beijing and a number of African
countries.

    %SEDAR: 00002462E




For further information:

For further information: Rob Rainey in Johannesburg at telephone +27 11
372-3300, Fax +27 11 454-1673 or email: info@energem.com; Refer our website:
www.energem.com

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ENERGEM RESOURCES INC.

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