Loyalist Group Limited announced management changes. Shawn Klerer, currently Chief Operating Officer, will be promoted to President and Chief Executive Officer, replacing Andrew Ryu. Mr. Klerer is a seasoned executive and leader with over 20 years of experience in operations, finance and management and has found success in similar situations.

Mr. Klerer's experience includes: Chief Executive Officer and Chief Financial Officer of Mash Media Solutions Inc, SVP & Chief Financial Officer of Purolator Courier Limited, VP & GM of American Express Business Travel and Chief Financial Officer of American Express Canada Inc. Frank Salvati has been appointed the Chief Financial Officer of the company, replacing Doug Chornoboy, who is stepping down to address personal matters. Mr. Salvati is a seasoned financial executive with over 30 years of experience in finance, consulting and strategy. Mr. Salvati's experience includes: Managing Director of Strategy of Tri-Media Group of Companies, Chief Financial Officer of Silver Eagle Mines Inc., Chief Financial Officer of TVN Niagara Inc. and Chief Financial Officer of Synergy Business Enterprises Inc. Both appointments are effective immediately.

Founder Andrew Ryu will assist with the senior management transition as an advisor to the company. In addition, the company announced that Doug Conick and Paul De Luca have resigned as directors of the company and that Paul Haber has been appointed as a director of the company. Mr. Haber currently sits on the board of directors of TriMetals Mining Inc. and Chinapintza Mining Corp.

Mr. Haber is a past director of High Desert Gold Corporation, China Health Labs & Diagnostics Ltd., IND Dairytech Inc., and Migao Corporation. Mr. Haber is also active in the TSX Venture Capital Pool Company program having helped found the Black Birch Capital Acquisition series of CPCs as well as many others.