Malbex Resources Inc. announced several management and board changes. Malbex founder and director, Joe Hamilton, has been appointed CEO effective June 1, 2012, while Frank L. Davis, also a Malbex founder, has joined the Board of Directors. The company's outgoing CEO, Tim Warman, and its VP Investor Relations, Marla Gale, have resigned effective May 31, 2012. Tim Warman and Patrick F.N. Anderson have also stepped down from the Board with immediate effect. Tim Warman joined Malbex in late 2008 and oversaw the company's successful financing and listing, the establishment of company's operations in Argentina, four productive field seasons culminating in the first ever Inferred Mineral Resource at Del Carmen, and the acquisition of several promising new exploration projects in Argentina and Peru. The Board of Directors would like to thank Tim, Marla and Patrick for their contribution to the company over the last four years and wish them well in their future endeavours. Mr. Hamilton is President of PICKAX International Corp., and a Managing Director of Primary Capital. He also serves as Chairman of Unigold Inc., and is a director of Noront Resources Ltd. Mr. Davis is counsel to the law firm Fraser Milner Casgrain LLP, practicing principally in the areas of securities and capital markets, corporate finance, mergers and acquisitions, mining and corporate governance. He represents various public companies and investment banking firms in public and private offerings of equity and debt securities. He has acted as counsel to offerors, target companies and financial advisors in both hostile and negotiated merger and acquisition transactions and has been active in a variety of takeover bids, mergers, acquisitions, amalgamations, arrangements and divestitures.