DORCHESTER ANNOUNCES RESIGNATION OF DIRECTOR

18 July 2008

Dorchester Pacific Limited advises that Mr Kevin Podmore has resigned as a director of the Company and its subsidiaries effective 18 July 2008.

Mr Podmore has decided to release himself from a number of activities and responsibilities, including that as a director of Dorchester, in order to focus on his role as Managing Director of St Laurence Limited.

Chairman of Dorchester, Mr Barry Graham, said:

"Kevin has been a valued member of the board during a particularly challenging time for the industry and for the company.  On behalf of the board I would like to thank him for his contribution and wish him well for the future."


Ends