NovaTeqni Corporation announced that Gerhard Mynhardt has resigned as President, Chief Executive Officer and Director effective immediately. Mr. Jean Pomerleau has been appointed to the Board of Directors to fill the vacancy created by the resignation of Mr. Mynhardt. Mr. Pomerleau will also serve as the Company's President and Chief Executive Officer.

Mr. Pomerleau has been involved in public markets for over 20 years. Mr. Pomerleau has his own consulting company that assists companies in raising capital and development of their core assets. Mr. Pomerleau along with the rest of the Board will be examining the current business of the Company and looking at other opportunities to move the Company forward.