Davie Yards Inc.
TSX : DAV
TSX : DAV.WT

Davie Yards Inc.

July 14, 2008 09:51 ET

Davie Yards Inc.: Announces Resignation of its Chief Financial Officer

LEVIS, QUEBEC--(Marketwire - July 14, 2008) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.


Davie Yards Inc. ("Davie" or the "Company") (TSX:DAV) (TSX:DAV.WT) announces the resignation of Audun Roneid, Chief Financial Officer of the Company, effective July 15, 2008.

Mr. Roneid has accepted the position as Chief Financial Officer of Norske Skog, a company listed on Oslo Stock Exchange, and a world leader within the paper industry.

Steinar Kulen, Davie's Chief Executive Officer, stated "I thank Audun for his contribution on behalf of Davie and we wish him well in his future endeavors."

Davie has commenced the search for Mr. Roneid's replacement.

About Davie Yards Inc.

Davie Yards Inc. owns and operates the Davie yard in Quebec. With over 180 years of operating experience, the shipyard is the largest in Canada and among the largest and most sophisticated in North America. The company has a primary focus on building complex offshore oil services vessels. Its shares are traded on the Toronto Stock Exchange (DAV). News and information are available at www.davie.ca.

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