Medallion Resources Reports Management Changes

Medallion Resources Ltd. (TSXV:MDL,OTCQB:MLLOF) reported changes in management: Mr. Donald Lay has been appointed CEO, Dr. Bill Bird will be the Company’s new Chief Technical Advisor; and David Haber will be the non-executive Chairman of the Board.The Company also reported results from its annual meeting last September 17 — all items submitted such as appointment of Davidson & Company LLP, Chartered Accountants as auditors, election of directors, and the annual ratification and approval of the Company’s existing 10% “rolling” stock option plan.

As quoted in the press release:

David Haber, a long-standing Director of the Company, has accepted the position of non-executive Chairman of the Board. Mr Haber is the principal at Vancouver-based consultancy Adler Business Solutions, serves as the BC & Yukon Honorary Consul General for the Republic of Austria and sits as the Chair, or director-at-large, of several corporate and non-profit boards. “We’re pleased that Don is going to lead Medallion in getting the business deals completed and raising the capital required to pave the path to rare-earth production,” said David Haber. “Bill is exceptionally well-known and a respected figure in the rare-earth industry, and in his new role, he will direct all technical aspects of the Company’s business.”

Medallion’s annual meeting (the “Meeting”) of the Company’s shareholders (the “Shareholders”) was held on September 17, 2014. Shareholders voted in favour of all items and matters of business submitted at the Meeting, including: (i) the appointment of Davidson & Company LLP, Chartered Accountants as auditors of the Company; (ii) the election of each director nominee, being Bill Bird, Donald Lay, David Haber, Rod McKeen, Andrew Morden and David Shaw; (iii) the annual ratification and approval of the Company’s existing 10% “rolling” stock option plan as mandated by the policies of the TSX Venture Exchange.

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