Kaizen Discovery Announces Election of Directors at AGM

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 30, 2016) - Kaizen Discovery (TSX VENTURE:KZD) today announced that the director nominees, as listed in the company's management information circular dated May 30, 2016, were elected directors of Kaizen at the company's annual general and special meeting (AGM) of shareholders held today in Vancouver, British Columbia.

Eric Finlayson, Richard Cohen, David Boehm, David Korbin and Ignacio Rosado were elected to the board of directors for the first time at the AGM, while David Huberman and Terry Krepiakevich were re-elected to the board. Mr. Huberman has been appointed Chairman of the Board effective today.

About the new directors

Eric Finlayson is the Interim Chief Executive Officer at Kaizen Discovery. He also is President of High Power Exploration (HPX), an affiliate of Kaizen's majority shareholder, HPX TechCo Inc. HPX is a private, metals-focused exploration company deploying proprietary geophysical technologies to rapidly evaluate buried mineral targets. Prior to joining HPX in 2013, Mr. Finlayson spent 24 years with Rio Tinto, including five years as Rio's Global Head of Exploration.

Richard Cohen, a Professional Engineer (Mining), is a Managing Director at Primary Capital Inc., a privately-owned, exempt market dealer based in Vancouver. He has more than 30 years' experience in the mining investment industry, beginning in 1983 as a mining analyst with Prudential Bach Securities. Mr. Cohen also was a mining analyst with BBN James Capel and Goepel McDermid, before joining Dundee Securities in 1998 as Managing Director, Investment Banking. In 2011, he joined Primary Capital as a Managing Director. He also is a director of Peregrine Diamonds.

David Boehm, a chartered accountant, is an investor and advisor to companies regarding the Asian and North American capital markets. He has been the Chairman of Wolmar Investments Ltd., a private investment company, since November 2001. Mr. Boehm previously was a senior partner of Grant Thornton in Hong Kong, and a director of Ivanhoe Capital Pte Ltd., a private company based in Singapore. He is a Fellow of the Institute of Chartered Accountants in Australia and a Member of the Hong Kong Institute of Certified Public Accountants.

David Korbin, a chartered professional accountant, is a management and financial consultant. He has more than 25 years' experience in public accounting, including as a Managing Partner of the Vancouver office of Deloitte Touche LLP from 1987 to 1992. Mr. Korbin has been a director of many public companies, including Ivanhoe Australia from 2008 to 2010, and Ivanhoe Mines (now Turquoise Hill Resources) from 2006 to 2012.

Ignacio Rosado is Chief Executive Officer of Volcan Compañia Minera S.A.A, one of the world's largest producers of silver, zinc and lead with its shares publicly traded on the Peruvian stock exchange. Mr. Rosado was the former Chief Financial Officer of Hochschild Mining plc, leading the company's US$500 million initial public offering on the London Stock Exchange in 2006. He also is a director of Cordoba Minerals Corp.

Kaizen would like to thank the following outgoing members of the Board of Directors for their service and contributions to the company: Peter Meredith, Ali Zamani, Akiko Levinson and Dr. Kuang Ine Lu.

More information on Kaizen is available at www.kaizendiscovery.com.

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