Paramax Resources Ltd.
TSX VENTURE : PXM

Paramax Resources Ltd.

December 20, 2010 08:40 ET

Paramax Resources Ltd. Appoints Mike Smith CEO

CALGARY, ALBERTA--(Marketwire - Dec. 20, 2010) - Paramax Resources Ltd. (TSX VENTURE:PXM) is pleased to announce that it's president, Mr. Mike Smith, has been appointed to the role of Chief Executive Officer and to the board of directors, effective immediately. Mr. Smith is a professional engineer with over 13 years of experience in the oil and gas industry. He has a diverse range of experience that includes operations, engineering, marketing, acquisitions and divestments, and corporate management.

Paramax also announces that Mr. Joseph Casabona has resigned as CEO and director of the corporation to pursue other opportunities. Paramax would like to thank Mr. Casabona for his years of service and commitment to the company.

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