Winston Resources Inc. announced that it has signed a non-binding letter of intent and intends to enter into a definitive binding agreement for the acquisition by Winston of 100% of the issued and outstanding share capital of Crypto Next PLC for CAD 9,000,000. Upon closing of the acquisition agreement, Sabrina Schmitz, a European investment consultant and former banker, will be appointed a director and President of Winston. Also to be appointed directors will be Alan Molloy and Nigel Stuart Little.

David Lonsdale, a current director of the company, will remain as a director and will be appointed Chairman. Danny Wettreich, Paul Cullingham, Peter Wanner and Mark Wettreich will retire as directors.