LONDON (ShareCast) - AIM-listed Xtract Energy has appointed Joel Silberstein as its Chief Financial Officer.

The group said that Silberstein was a Chartered Accountant with over 10 years’ experience in the area of financial accounting and reporting, primarily in the mining industry.

After completing his training at Mazars in Cape Town, Silberstein held the position of Group Controller and Vice President Finance of European Goldfields until the company was acquired by Eldorado Gold in February 2012.

Colin Bird, Chairman of Xtract Energy, commented: "I am delighted to welcome Joel to the growing team at Xtract. 2013 looks set to be an exciting year for the business as the team expands, and with the recent appointment of Jan Nelson as Chief Executive Officer we are now looking a new opportunities for the business in the precious metals and base metals arena."

Xtract Energy identifies and invests in a portfolio of early stage resource assets and business interests with growth potential.

Xtract Energy’s share price was up 10.77% to 0.36p at 08:55 on Wednesday.

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