Pacific Iron Ore Corporation announced the resignation of R.A.N. Bonnycastle as Chief Executive Officer, President, and director. The company further announced the resignations of Alexander S. Harvey and Peter Vanderplaat as directors. The following individuals have been appointed to fill the vacancies created by these resignations: Joel Freudman, President, Chief Executive Officer, and Director: Mr. Freudman is the President of Resurgent Capital Corp., a Toronto-based merchant bank that works exclusively with high-potential Canadian micro-capitalization public and pre-public companies.

He is also President, Chief Executive Officer, and a director of each of Trius Investments Inc. Damian Lopez, Director: Mr. Lopez is a corporate lawyer with extensive mergers and acquisition and corporate finance experience. Mr. Lopez is currently a legal consultant to various Toronto Stock Exchange and TSX Venture Exchange listed companies in various sectors including mining, cannabis, financial services, agriculture and technology. Mr. Lopez is currently the Chief Executive Officer of Wolf Acquisition Corp.