Semcan Inc.

Semcan Inc.

March 14, 2011 15:29 ET

Semcan Inc. Announces CEO Retirement and Appointment of Successor

TORONTO, ONTARIO--(Marketwire - March 14, 2011) - Semcan Inc. (TSX VENTURE:STT) ("Semcan" or the "Company") announced today that Mr. P. M. Jamieson, the Company's Chairman and Chief Executive Officer, will retire as CEO on March 15th, 2011. Mr. Jamieson will remain a significant shareholder and director of the Company.

Semcan's board of directors is pleased to announce that Mr. David Deacon has been appointed the Company's CEO as of March 15th. Mr. Deacon began his career at specialist investment firm Deacon Hodgson Inc. before joining Porsche Canada as general manager and head of the Canadian subsidiary. From 2001 to 2007 he led Azure Dynamics as President and COO. Since 2008 he has been Chairman and CEO of GroupDKG Corp., a company providing fibreglass products to the municipal, mining and power markets in Canada and the US. Mr. Deacon has stepped down as CEO of GroupDKG Corp. but will remain Chairman until a successor is appointed.

Mr. Ian Conn, on behalf of the Company's board, commented "I am delighted with the appointment of David Deacon as CEO. David's business and marketing experience will help Semcan build on the firm foundations established through the recently-announced financial restructuring of the Company."

About Semcan Inc.

Semcan is a North American supplier of industrial processes and environmental solutions with specific emphasis on water remediation and emission control systems.

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

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