XRF Scientific Limited announced the appointment of Mr. Vance Stazzonelli as Chief Executive Officer, effective immediately. Mr. Stazzonelli is currently CFO and Chief Operating Officer of XRF and has been Acting CEO since March 2012. During his tenure as CFO the business developed a robust financial position, which has allowed the company to leverage off the opportunities from the mining boom as well as a general increase in the demand for testing services.

He was also a key member of the Executive Management Team that consummated the Sigma acquisition in July 2010. During his role as Acting CEO he has demonstrated the capacity to not only manage XRF's existing business, but to strategically assist the Board to significantly increase the market capitalization of the company.