Delrand Resources Limited (Delrand) announced that at an annual and special meeting of shareholders held earlier Dec. 8, 2014, Delrand's shareholders approved the previously announced change of business transaction and concurrent private placement. Contemporaneously with the completion of the Transactions, each of Messrs.

Michiel C.J. de Wit, Geoffrey G. Farr, Brian P. Scallan, and William R. Wilson will resign as a director of Delrand and each of Messrs. Alan Brousseau, Bernard Crotty, Ronald Meersschaert and Renier Lemmens will be appointed as new directors of Delrand. Messrs.

Arnold T. Kondrat and Maurice J. Colson will continue to serve as directors of Delrand. In addition, Alan Brousseau will be appointed as Chief Executive Officer of Delrand, Edward F. Escubedo will be appointed as Chief Operations Officer of Delrand, Craig Loverock will be appointed as Chief Financial Officer of Delrand and Geoffrey G. Farr will continue as Corporate Secretary of Delrand. Biographies for Messrs.

Brousseau, Crotty, Meersschaert, Lemmens, Escubedo and Loverock are set out in the Circular.