Parallel Mining Corp. announced that the board has appointed John D. Anderson as a director and the new President and CEO of the company. His appointment as President and CEO follows the resignation of Mr. Al Fabbro as President and CEO. Mr. Fabbro will remain a director of the
Company. Mr. Anderson is most recently running Purplefish Capital Limited. Mr. Anderson is the founder and remains a director of American Eagle Oil & Gas Company. Mr. Anderson is also a director of Northern Freegold Resources Corp. In other developments, Jan Urata has been appointed Corporate Secretary of the company effective immediately.