Tidewater Renewables Ltd. announced that John Adams has resigned as a director of the corporation due to potential future conflicts of interest identified by Mr. Adams with respect to his position. Mr. Jeffrey Hamilton, an independent director and the Chair of the Audit Committee, has been appointed the lead independent director of the Corporation and Mr. Baines, the Chairman and Chief Executive Officer of the Corporation, has been appointed as a member of the Corporation's Audit Committee. Mr. Baines' appointment to the Audit Committee will be in reliance on the exemption permitting a non-independent board member to be a member of a public company's audit committee following the resignation of an independent audit committee member set forth in Section 3.5 of National Instrument 52-110.