Gunpowder Capital Corp. (Corporation) announced the resignations of Mr. Paul Haber as CFO of the Corporation. The Corporation has commenced the search for a suitable fulltime replacement CFO and will announce Mr. Haber's fulltime replacement in due course.

In the interim, and effective immediately, the Corporation has appointed Mr. Frank Kordy to serve as the CFO of the Corporation on an interim basis. Mr. Kordy previously served as the Corporation's CFO from March 4th, 2015 to December 8th, 2015 and he currently also serves as the Interim CFO of Meryllion Resources Corp. and of Advantagewon Oil Corp.

The Corporation also announced that Mr. Stephen Mlot has resigned from the Corporation's Board of Directors effective immediately.