Vela Minerals Ltd. announced resignation of Mr. Derrick Strickland as a director and officer of the company. The board of directors thanks Mr. Strickland for his lengthy service to the company. Mr. Grayston has experience with reviewing financial statements and related management discussion and analysis, and discussing financial issues with management, accountants and auditors, and as a result, he possesses the understanding of accounting principles and the ability to analyze and evaluate the financial statements of the Company. Mr. Grayston received a Ph.D. in Finance and Economics from the University of Chicago in 1971, an M.B.A. from the University of Chicago in 1969, a B.A. of Commerce from the University of British Columbia in 1966 and became a Certified General Accountant in 1977.