Applied Minerals Inc (fka AMNLQ)

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William T. Jacobson resigned as Chief Executive Officer and Pesident and as a director on June 27, 2008.

On June 30, the Company hired Michael Lyon, 64, as Chief Executive Officer and President for a six month period.

Mr. Lyon brings more than 35 years of experience in finance, operations, law and strategic planning in a variety of businesses (both public and private) including steel manufacturing and coal mining . He is a graduate of Stanford University and Stanford School of Law. In the past five years, he has operated, Always Amazing, a multi-store private retail business and has been a financial and strategic consultant to early-stage companies including Caldera Pharmaceuticals, Inc. (bio-tech), VasSol Inc. (medical diagnostic), Managed Futures Advisors, Inc. (a licensed Futures Broker) and YListing Inc., a web-page developer. He is currently a Principal Advisor to Sucsy, Fisher & Co., a boutique investment banker, and is President of Cirrus Advsors, Inc., a business consulting firm .