Signature Appoints New CEO and Director to the Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 14, 2013) -

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Signature Resources Ltd. (TSX VENTURE:SGU) ("Signature" or the "Company") is pleased to announce that Mr. Walter Hanych has been appointed to the Board of Directors of the Company. Mr. Hanych has also been appointed as the Company's new Chief Executive Officer. Mr. Hanych is a graduate geologist (B.Sc. Hon. Geology from Laurentian University, Sudbury, Ontario) and has 33-years of experience in varied geological environments throughout Canada and internationally. He has held positions as chief geologist and project manager on projects ranging from grass-roots to advanced mine exploration and resource development/feasibility and has been involved with various public and private resource companies with finance and corporate structure. Mr. Hanych is a registered P.Geo. in Ontario, and is a member of the Prospectors and Developers Association of Canada, Society of Economic Geologists, and Ontario Prospectors Association.

Signature also announces the resignation of Mr. Johan Shearer as the CEO and director of the Company. Mr. Amor and Mr. Jonathan Held remain directors of the Company. The Board of Directors wishes to thank Mr. Shearer for his contributions to the Company.

The Company has also terminated its option to purchase the Columbia Queen mineral property located in Revelstoke Mining District in British Columbia. The focus of the Company's business is now on the Lingman Lake Property, which it has an option to acquire a 100% interest of. The Lingman Lake Property consists of four (4) free hold patented claims is located in the Kenora District, Province of Ontario, Canada, and is situated approximately 325-kilometers north of the Town of Red Lake.