On February 6, 2012, Joshua Gold Resources Inc. announced that Michelle Stanford resigned from her position as Chairman of the Audit Committee of the company, which resignation was effective on that date. Ms. Stanford's resignation was not the result of any disagreement between the company and her on any matter relating to the company's operations, policies or practices. Ms. Stanford will continue to serve as a director of the company and as a member of the Audit Committee. The Board of Directors of the company appointed Mr. Garry Honcoop to serve as Chairman of the Audit Committee in a non-directorial capacity, until his successor is duly appointed and qualified. Mr. Honcoop has worked for the past thirty years as an accountant representing clients by leading tax and compliance departments of numerous public firms. Mr. Honcoop currently serves as a principal for the public accounting firm Micacchi Warnick & Company Professional Corporation Chartered Accountants. Mr. Honcoop was selected to serve as Chairman of the Audit Committee based on his business experience, financial acumen and understanding of compliance related issues and audit processes.