ZNI Zambezi Nickel

RNS Number:9295A
Zambezi Nickel Ltd
04 April 2006

4 April 2006



                   Zambezi Nickel Appoints New Board Director



Zambezi Nickel Limited ("Zambezi" or the "Company") (AIM Code: ZNI), the
AIM-quoted African nickel exploration and development company, today announces
that Hakainde Hichilema has been appointed to the board of directors.



Hakainde Sammy Hichilema, age 43, was educated in Zambia and the United Kingdom
and has trained in strategic business management and finance. For many years, he
has been involved in corporate advisory work, covering business divestiture,
development and restructuring transactions involving blue-chip multinational
organisations. Since 1998, Mr Hichilema has been the CEO of Grant Thornton
Zambia (formerly Coopers & Lybrand), a leading international professional
services firm providing corporate finance, accounting, auditing, corporate
recovery, management consultancy and tax advisory services.



As part of services provided by Mr Hichilema in the placing, offer and admission
of the Company to AIM on 31 October 2005, Mr Hichilema was issued with 150,000
convertible preference shares in the share capital of the Company. These
preference shares converted into 150,000 ordinary shares of 1p each ("Ordinary
Shares") at admission, which currently represents 0.45% of the Company's issued
Ordinary Share capital. Mr Hichilema does not have any other interests in
Ordinary Shares of the Company.



Commenting on the announcement, Paul Rankine, CEO of Zambezi said:



"Zambezi is looking forward to working with Hakainde Hichilema, who we believe
brings a wealth of experience to the Company. Zambezi believes he will greatly
assist the strategy to fast-track our regional nickel prospects into
development."



Mr Hichilema is currently a director of the following companies:



Barclays Bank (Zambia) plc, Sun International (Zambia) Ltd, Media Trust Fund,
Export Development Programme II, SEEDCO (Zambia) Ltd, Zambia Investment Board,
Greenbelt Fertilizers Ltd, Midlands Car Hire Ltd, Mint Master (Zambia) Ltd,
African Life Financial Services (Zambia) Ltd, Menel Management Services Ltd,
Agro Support Ltd, Westlake Investments Ltd, Savanna Com Ltd, CR Kapenta Ltd and
Farmnet Zambia Ltd.



In the past five years, Mr Hichilema has been a director or partner of the
following companies:



African Trade Insurance, MR Nickel Ltd and Zambia Consolidated Copper Mines
(Smelterco) Ltd



There are no other disclosures required under Schedule Two (g) of the AIM rules.



For more information, please contact:



Paul Rankine                                   Laurence Read
Zambezi Nickel Limited                         Conduit PR
Tel:       +44 1428 656 449                    Tel:       +44 20 7429 6666
Mob:       +44 795 280 7110                    Mob:       +44 797 995 5923



A PDF version of this release is available on the Zambezi website at
www.zambezinickel.com




ADDITIONAL INFORMATION

*         African focused pure nickel exploration/development company

*         Admitted to London's AIM Market in October 2005, raising #1.6 million

*         Exploration rights over 3 prospects on 2 project areas (Mitaba &
          Paulwi) in Zambia

*         Identified a major nickel sulphide bearing structure which has been
          trenched & drilled (Mitaba)

*         Exploiting shared cost/infrastructure opportunities with AIM quoted
          Zambezi Resources Limited

*         Strong position from which to acquire nickel prospects in the region

*         Strategy to fast-track regional nickel prospects into production

*         First stage target - JORC Resource - Q4 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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