Silver Spruce Resources Inc. announced that the Board of Directors has appointed Dr. Brian Penney as its CEO effective April 22, 2020. Dr. Penney will retain his Chairman role. Dr. Penney has been serving as Chairman and interim CFO, and in his new role as CEO brings extensive business and financial acumen to the Company.

Recent positions include founding CEO of TARA a Halifax based Telecoms R&D firm, Chairman and CEO of Abridean Inc. in Halifax. The Company announced the hiring of Camilla Cormier as the Company's Chief Financial Officer. Ms. Cormier has over 30 years experience in accounting (CFO and Controller roles), which includes 5 years in public accounting and 14 years working with public companies.

The Company is also pleased to announce the appointment of Kevin Thieneman as a Director. Mr. Thieneman was formerly the President of Caterpillar Inc. Forest Products Division, and currently serves as Chairman for LiuGong Americas. Concurrently, the Board of Directors has accepted the resignation of its President, CEO and Director Ronald J. Goguen, effective immediately.