Velocity Minerals Ltd. announced the appointments of Mr. Darren Morgans as Chief Financial Officer and Ms. Dani Palahanova as Director of Finance for the company. Mr. Morgans replaces Mr. Blaine Bailey who will assist the Company through a transition period. Mr. Darren Morgans is a Canadian CPA, CA who has worked with Canadian and Australian publicly listed resource companies for almost 20 years.

Mr. Morgans is currently the CFO of Midas Gold Corp. Prior to joining Midas Gold Corp. in 2011, he was the Controller and Secretary for Terrane Metals Corp.

prior to its acquisition by Thompson Creek Metals. Ms. Dani Palahanova is Canadian-Bulgarian CPA, CGA with over 15 years of experience in managing and leading finance and accounting functions of publicly listed Canadian companies with international presence. Ms. Palahanova has held positions as CFO, Controller and Corporate Secretary for various junior exploration and technology companies in Vancouver.

She was an instrumental member of the finance team that supported Asanko Gold Inc. transition from a late stage exploration company to a mid-tier gold producer.