Canaf Group Inc. announced the appointment of Mr. Derick Sinclair as a Director and Chief Financial Officer effective immediately. Derick has more than 25 years' experience in accounting and financial management. He began his accounting career in 1982 as an Auditor with KPMG Peat Marwick Thorne and then joined BC Rail, as a Treasury Analyst in 1985.

He progressed through BC Rail's Finance department and served as its Manager of General Accounting. He served as a Director of Fleet Management for BC Rail Ltd. from December 1992 to March 1996. He was appointed CFO of BC Rail's Telecommunications spinout Company in 1996 and stayed through two sales in 1998 to RSL Communications Ltd. a global telecommunications company and in 2001 to SaskTel a leading telecommunications company in Saskatchewan.

He left SaskTel in 2003 to form DR Financial Services which provides CFO and other services. Derick is currently the CFO for several privately held, CSE and TSX-V listed Companies. His experience as a financial executive with exemplary leadership and understanding of corporate needs and developments gives Canaf great confidence he will achieve a seamless transition replacing Zeny Manalo as the CFO.