Cadan Resources Corporation

Cadan Resources Corporation

January 27, 2011 12:44 ET

Cadan Announces Appointment of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2011) - Cadan Resources Corporation (TSX VENTURE:CXD) is pleased to announce the appointment of Francois Marland and Simon Solomonidis to the Board of Directors.

Mr. Francois Marland has over twenty years of global business experience and is a published author. Mr. Marland completed his Masters of Law in France in 1979 and went on to teach and practice law until 1987. Mr. Marland founded a group of 100 companies from 1987 until 1992. His group was composed of various industrial, distributional, internet and financial companies. In 1992 he sold the group, which by that time consisted of 4,500 employees, for $8 billion French Francs. He then turned his attention to investing in capital risk ventures. Since selling his group in 1992, Mr. Marland has acted as an advisor and capital risk-taker to more than 300 companies from different sectors of the market. Mr. Francois Marland is currently also a director of Yukon-Nevada Gold Corp., a company listed on the Toronto Stock Exchange.

Mr. Simon Solomonidis is a seasoned senior executive, with strong general management, sales and marketing experience, coupled with exceptional financial skills, gained through a rich, high exposure international career path with Hewlett-Packard Europe. Throughout his 30 year career at HP, he has been exposed to both mature as well as high growth, cost constrained environments and has been in charge of multi-million dollar business programs, including major restructuring ones, developing and managing international business teams in multi-country, multi-culture operations. He has demonstrated relentless focus on business results, having exceeded revenue and profit goals in all his assignments and has acquired excellent strategic and leadership skills. He is particularly strong in managing business program execution/implementation, as well as in negotiating complex deals at senior executive level. Mr. Solomonidis holds a M.Sc. in Systems Engineering and a B.Sc in Electronic Engineering from the Universities of London and Birmingham in the UK, as well as an MBA in Economics from the Open University, UK. Mr. Solomonidis is currently working as an independent sales and management consultant.

The Company also announces the resignation of Alan Phillips and Brett Taylor from the Board of Directors. Mr. Phillips and Mr. Taylor will continue their services to the Company in a consulting capacity. The Company wishes to thank Mssrs. Phillips and Evans for their contributions as board members.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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