True Grit Resources Ltd. announced the appointment of Mr. Byron Coulthard as a director, President and CEO of the company. Mr. Doug Fulcher has stepped down as President and CEO but will remain a director of the company. Mr. Coulthard is a self-employed businessman and has over 25 years' experience in the financial markets.

He has held management and executive positions with numerous companies and has been a key figure in the completion of many financings. Mr. Coulthard will provide the company with expertise in a variety of management oversight roles. The company also announced that Mr. Andrew Pooler has resigned as a Director of the company.