Global Railway Industries Ltd. announced that Thomas Dea, Laurence Bennett, Jacques Cot and Alan Sellery have resigned from Global's board of directors and that Tom Kusumoto, Andrew Mah, Kenneth MacLeod and Michael Kuiack have been appointed to fill the vacancies created by the resignations until the next annual meeting of Global's shareholders or until their successors are elected or appointed. All of the new appointees are independent of Global for purposes of Canadian securities laws. Mr. Kusumoto is the CEO and President of North Group Finance Limited, and a director of BT Europe Biofuels GmbH.

Mr. Mah has over 20 years of experience in financial management and operations, mergers and acquisitions, debt financings and corporate restructuring. Mr. Mah also has considerable experience in the capital markets, having served as director and executive-level manager for several TSX Venture Exchange listed companies. He is currently a director of Cavan Ventures Inc. Mr. MacLeod is the CEO of Pan Pacific Power Corp.

Mr. MacLeod has over three decades of experience in developing resource assets in the United States, Canada, the Philippines and the Democratic Republic of Congo, mostly as a senior executive with Canadian-listed public companies. From 2001 to 2009, Mr. MacLeod was President and CEO of Western GeoPower Corp. Mr. Kuiack is the co-founder of BK Capital and has over 15 years of mergers and acquisitions, investment banking, management consulting and business development experience worldwide.

Mr. Kuiack holds a Certified Mergers & Acquisition Advisor designation and has a Master's Degree in International Management.