Glenmark Capital Corp. announced the appointment of Mr. Clive H. Massey as President and Chief Executive Officer of the company. Mr. Massey has over 25 years of public and private company experience in marketing, finance and public relations in the mining, manufacturing, financial services and technology sectors.

Mr. Massey has held directorships and senior management positions with various TSX Venture Exchange listed companies, including as CEO of Redhill Resources, Prescient Mining and Universal Uranium. The company is also announced the appointment of Gilbert Schneider to the board of directors. Mr. Schneider has over 37 years of senior management experience, including a distinguished 15 year career as Vice President with Aramark Corporation.

To facilitate these changes Richard Grayston has resigned as President and CEO of the company. Mr. Grayston will remain as a director of the company. Mark L.P. Ferguson and James A. Turner, P. Geo.

have resigned as directors of the company.