Joshua Gold Resources Inc. announced that, with a view to changing the orientation of its business operations, it has entered in to a distribution agreement with Clean Oil Innovations Inc. (COI) to acquire the Canadian rights to COI's KBT-1 technology. The agreement provides for Joshua acquiring the exclusive Canadian rights to KBT-1 from COI in exchange for 11,000,000 common shares of Joshua. Further terms and conditions of the agreement include: within 30 days following the execution of the agreement by all parties, (a) Todd Thomson shall be appointed as a member of the Board of Directors of Joshua and as President of Joshua and (b) Joshua and Mr. Thomson shall enter in to mutually agreeable employment or consulting agreement for Mr. Thomson to serve as the President of Joshua for an initial term of not less than five (5) years, with Joshua having the right to terminate Mr. Thomson's service in that capacity for cause, and the initial five year term of service being renewable at the option of Mr. Thomson.