BLOX, Inc.
OTCQB : BLXX

July 08, 2014 11:48 ET

BLOX Inc. Announces New CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 8, 2014) - Blox, Inc. (OTCQB:BLXX) ("Blox" or the "Company") is pleased to announce that Mr. Rick Low has been elected as the Company's new Chief Financial Officer ("CFO"). Mr. Low replaces the interim CFO, Marco Parente who assumed the position upon the closing of the Amalgamation agreement.

Mr. Low has served as Chief Financial Officer of PNG Gold Corporation since September, 2012. Mr. Low has over 20 years of progressive management experience in various industries in Canada and overseas. He spent the last eight years in the mining industry where he oversaw the finance and accounting function for a gold mining project during its progression from exploration, feasibility, construction and development through to commercial production. Mr. Low has also participated in raising various debt and equity financings and applications for listing on stock exchanges. From November 2009 to September 2012, Mr. Low was the Director of Finance at Eco Oro Minerals Corp. (formerly, Greystar Resources Ltd.) and from April 2006 to May 2008, was Vice President Finance at China Gold International Resources Corp. Ltd (formerly, Jinshan Gold Mines Inc. - a subsidiary of Ivanhoe Mines Ltd.). Mr. Low is a qualified Chartered Accountant with the Institute of Chartered Accounts of B.C. and graduated with a B. Comm. degree from the University of British Columbia.

"We are extremely pleased with the addition of Rick Low to the Blox team," says Blox President and CEO, Robert Abenante. "As the Company is focused on the acquisition mineral assets, Mr. Low brings tremendous mining experience to the Company.

The Company wishes to thank Mr. Parente for his services and wishes him all the best with his future endeavors.

FORWARD-LOOKING STATEMENTS

Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of Blox and its management, such as statements that Blox intends to expand its renewable energy portfolio and Blox anticipates closing its previously announced merger with gold company Quivira Gold Ltd. in the next quarter. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Blox's ability to obtain additional financing; Blox's ability to satisfy the conditions in the merger agreement with Quivira Gold Ltd.; adverse market conditions; risks inherent in the mining industry in general; and risks relating to mining operations in Ghana. Blox undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Blox's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Blox's success are more fully disclosed in Blox's most recent public filings with the U.S. Securities and Exchange Commission.

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