SOURCE: Meryllion Resources Corporation

Meryllion Resources Corporation

March 03, 2015 16:22 ET

Change in Officers

VANCOUVER, BC--(Marketwired - March 03, 2015) - Meryllion Resources Corporation ("Meryllion" or the "Company") (TSX VENTURE: MYR) announces that its Board of Directors has appointed Zula Kropivnitski as Chief Financial Officer and Cassandra Gee as Corporate Secretary both effective March 1, 2015. Ms. Kropivnitski replaces Saurabh Handa while Ms. Gee replaces Alex Bayer. Mr. Handa and Mr. Bayer are no longer with the Company effective March 1, 2015 but will support in the transition of the management team. The Board of Directors also announces that Mr. Shenton has resigned as a director of the Company.

Zula Kropivnitski is a certified general accountant with over 10 years of practice experience, mainly with public companies listed on Canadian stock exchanges. Ms. Kropivnitski is a CFO of Planet Mining Exploration and former CFO of Electric Metals Inc., and Iron Tank Resources Corp, companies with a combined market capitalization approaching $80 million. She is also a former controller of African Queen Mines and Sacre-Coeur Minerals with mining interests in Africa and South America. Ms. Kropivnitski was involved in all areas of financial reporting, corporate finance, and related aspects of regulatory compliance. She has over ten years of international experience in the resource sector. Ms. Kropivnitski received her Certified General Accountant professional accounting designation from the Certified General Accountants Association of British Columbia, Canada and later obtained her ACCA designation from the Association of Chartered Certified Accountants based in London, UK. She has Master of Mathematics and Master of Economics degrees in Russia.

Ms. Gee has been involved with public companies for over 10 years in administration, international finance and accounting. Ms. Gee is experienced in securities law ensuring compliance with regulatory requirements. Prior to her involvement with public companies, she worked in accounting for several industries.

Ms. Kropivnitski and Ms. Gee will be involved with Meryllion through The Preakness Group ("Preakness") which is a private umbrella organization. Preakness manages publicly-traded companies with interests in mining and energy sector and other industries with operations worldwide. Preakness manages and facilitates project acquisitions and equity financings and provides geological, engineering, marketing, investor relations and administrative services to its client companies.

Following the departure of Mr. Shenton, Mr. Handa and Mr. Bayer, the Company has cancelled 166,665 unvested stock options that were exercisable at $0.30. As per the Company's stock option plan any vested stock options held at the time of termination without cause remain exercisable for a period of 90 days following the termination. Therefore, pending the exercise of such options, a further 66,667 options exercisable at $0.30 will be cancelled on May 26th, 2015 and a further 266,668 options exercisable at $0.30 will be cancelled on June 1, 2015.

David Birkenshaw, CEO of Meryllion, commented: "On behalf of the board of directors I would like to thank Mr. Shenton, Mr. Handa and Mr. Bayer for their efforts and welcome Ms. Kropivnitski and Ms. Gee to the Meryllion team."


Meryllion is a natural resource company engaged in the acquisition and exploration of resource properties in South America.

This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the 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 press release.

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