Forest & Marine Financial Limited Partnership

Forest & Marine Investments Ltd.

Forest & Marine Investments Ltd.
Forest & Marine Investment Trust

May 11, 2005 16:02 ET

Forest & Marine Investments Ltd.: Resignation


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FOREST & MARINE FINANCIAL LIMITED PARTNERSHIP

AND FOREST & MARINE INVESTMENTS LTD.

TSX SYMBOL: FME

AND FOREST & MARINE INVESTMENT TRUST

MAY 11, 2005 - 16:02 ET

Forest & Marine Investments Ltd.: Resignation

NANAIMO, BRITISH COLUMBIA--(CCNMatthews - May 11, 2005) - Forest &
Marine Investments Ltd. (TSX:FME) -

The Company advises that Nigel Burridge has resigned his position as
Chief Financial Officer and Director of the Company. Mr. Burridge also
resigned as a director of Forest & Marine Financial Corporation, Treesea
Holdings Inc., Forest & Marine Capital Ltd., Forest & Marine Insurance
Services Ltd., and Staffordshire Trust Company.

The Forest & Marine Group of companies includes the Partnership, Forest
& Marine Financial Corporation as general partner, the Company, the
Trust, Forest & Marine Capital Ltd., Forest & Marine Insurance Services
Ltd., Treesea Holdings Inc., and Staffordshire Trust Company
(collectively, the "Forest & Marine Group").

Through the Partnership, the Forest & Marine Group is engaged primarily
in the financing of heavy mobile equipment, helicopters, tugs and barges
utilized in the forest products and marine industries, as well as other
non-forestry related businesses such as supermarkets and food
distribution, feeder airlines, commercial fishing and processing and
wholesale glass distributors. All business is conducted by the
Partnership.

The Forest and Marine Group have extensive knowledge of the forestry and
marine industries; its primary focus is to provide funding to
independent logging contractors and marine operators. The Forest and
Marine Group's geographic target markets are communities on Vancouver
Island, the Queen Charlottes and throughout coastal British Columbia.
Its customers employ in excess of 3,000 people. The Forest and Marine
Group has provided specialized credit facilities for this niche market
since 1983.

ON BEHALF OF:

FOREST & MARINE FINANCIAL LIMITED PARTNERSHIP (the "Partnership")

by its General Partner, Forest & Marine Financial Corporation

John Hitchcock, Director

FOREST & MARINE INVESTMENTS LTD. (the "Company")

John Hitchcock, Director

FOREST & MARINE INVESTMENT TRUST (the "Trust")

by its Manager, Forest & Marine Financial Corporation

John Hitchcock, Director

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Forest & Marine Financial Corporation
    John Hitchcock
    Director
    (250) 753-0141
    (250) 753-0173 (FAX)
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    responsibility for the adequacy or accuracy of the contents of this news
    release.