Garmatex Holdings Ltd. announces that effective October 2, 2017, Devon Loosdrecht resigned as president, chief executive officer, secretary, treasurer and as a director of its company. Mr. Loosdrecht's resignation was not the result of any disagreements with its company regarding operations, policies, practices or otherwise. Concurrently with the resignation of Mr. Loosdrecht, Lawrence Stephenson was appointed as president, chief executive officer secretary, treasurer and as the sole director of board of directors.

Mr. Stephenson has over 35 years of experience working for junior and senior mining companies in Canada, USA Mexico, South America and Tanzania. He is a member of the Professional Engineers Association of Ontario.