SUPREME RESOURCES LTD. (“Supreme” or the “Corporation”) (TSX-V:SPR) announces that David Stadnyk and Tatiana Kovaleva, both of Vancouver, BC, have been appointed as the CEO and CFO respectively. Stephen Kenwood and James T. Rabbitt have resigned from the board and been replaced by David Stadnyk and George Tsafalas, also from Vancouver. Allan Levien, former CEO, remains on the board.
Incoming CEO David Stadnyk said “The previous management and directors are to be thanked for their service to the Corporation over the past years. While we do like the Corporation’s properties, today’s markets make it tough for a junior exploration company to make much headway on their exploration or development. We are looking at various alternatives with respect to revitalizing Supreme, which may include looking at other business sectors other than mineral exploration. In any event, we are committed to promoting shareholder value.”
About Supreme Resources Ltd:
Supreme Resources Ltd. is a junior exploration company with advanced base and precious metals projects located in producing mining districts of British Columbia, Canada. Supreme Resources’ goal is to increase shareholder value by developing exploration projects that have the potential of becoming new discoveries.
Further news will be forthcoming in the near future.
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Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or the Company’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein. This news release does not constitute an offer to sell, or a solicitation of an offer to buy any of the Company’s securities set out herein in the United States, or to, or for the benefit or account of, a U.S. Person or person in the United States.