Canadian CFOs on the Move – week ending March 4, 2011

Companies with CFOs on the Move this week include: Crocodile Gold Corp., China Gold International Resources Corp. Ltd., Lyrtech Inc., Prestige Telecom Inc., Sparta Capital Ltd., Focus Metals Inc., Sunridge Investments Corp., Alacer Gold Corp., Luiri Gold Limited, Petrodorado Energy Ltd., PrimeWest Exploration Inc., Saturn Minerals Inc., Hy Lake Gold Inc., Royce Resources Corp., Petro-Reef Resources Ltd., Bowood Energy Inc., Pacific Cascade Minerals Inc., Colossus Minerals Inc., Sereno Capital Corporation

Crocodile Gold Corp. (TSX: CRK) announced that Stephen Woodhead has been appointed Chief Financial Officer of the Company, replacing Brad Boland. Mr. Woodhead has served in senior financial positions with several public companies, including as Chief Financial Officer of Desert Sun Mining Corp. until it was acquired by Yamana Gold Inc. in 2006. He currently serves on the Board of Directors of Vaaldiam Mining Inc.

China Gold International Resources Corp. Ltd. (TSX: CGG) announced the resignation of George Law as Chief Financial Officer, and the appointment of Derrick Zhang as Interim Chief Financial Officer. Mr. Zhang has over 18 years of experience in financial reporting for public companies including experience leading financial reporting for mergers and acquisitions and has served as the Company's controller since January 2010.

Lyrtech Inc. (TSX-V: LTK) announced the resignation of Louis N. Bélanger as Chief Financial Officer ("CFO") of the Corporation and the appointment of Vincent Bélanger who will take over the responsibility of the CFO position. Messrs. Louis and Vincent Bélanger are not related. Mr. Vincent Bélanger is chartered accountant and president of CFO Solution Inc., a company through which he provides part-time CFO services for public and private companies. He has over 20 years of experience as chartered accountant and business advisor, mainly as CFO.

Prestige Telecom Inc. (TSX-V: PR) announced today the appointment of Alain Boucher as the Company's Interim Chief Financial Officer. Jack Pulkinen who assumed the role of Chief Financial Officer since February 2009 will transfer his responsibilities to the strategic planning of the Company as Senior Vice-President Strategy.

Sparta Capital Ltd. (TSX-V: SAY) announced that Murray Hinz, has tendered his resignation from the interim position of Chief Financial Officer for Sparta. Mr. Hinz will continue in a consulting capacity with the Corporation. Ray Ludwig, currently Vice President Operations, has accepted the appointment to the additional role and responsibilities of Chief Financial Officer. Mr. Ludwig has prior Chief Financial Officer experience with public companies and has extensive prior experience in financial and business management as a consultant to public and private companies.

Focus Metals Inc. (TSX-V: FMS) announced the appointment of Judith Mazvihwa-MacLean as new Chief Financial Officer. Mrs. MacLean is replacing Khadija Abounaim who has resigned her position as CFO. Prior to joining Focus Metals Inc., Mrs. MacLean was the CFO for Logan Resources Ltd., and Acme Resources Inc. (formerly, International KRL Resources Corp.) from 2002 to 2010 and Golden Harp Resources Inc. from 2006 to 2009. She also served on the Boards of both Logan Resources Ltd., and Acme Resources Ltd.

Sunridge Investments Corp. (TSX-V: SRG) announced that following the closing of its Qualifying Transaction, Jerry Bella has been appointed as Chief Financial Officer and Corporate Secretary. Mr. Bella is currently the Chief Financial Officer of TNR and Foundation Resources Inc. and has experience at the executive level of both private and public companies.

Alacer Gold Corp. (TSX: ASR) announced the appointment of Douglas Tobler as Chief Financial Officer. Prior to joining Alacer (formerly Anatolia Minerals) in 2004, Mr. Tobler was president and founder of Falcon Strategic Partners where he provided advisory services to a number of mining, oil & gas, distribution and technology companies.

Luiri Gold Limited (TSX-V: LGL) announced that Mike Langoulant has been appointed Chief Financial Officer and Company Secretary following the resignation of Peter Tanham as CFO and Company Secretary.

Petrodorado Energy Ltd. (TSX-V: PDQ) announced the appointment of Sean Bovingdon as Vice-President and Chief Financial Officer of the Company, following the resignation of Alan Beaulieu.

PrimeWest Exploration Inc. (TSX-V: PWI) announced that Ross Jones has been appointed to the positions of President, Chief Executive Officer and Chief Financial Officer of the Corporation. Greg Noval has tendered his resignation as the President, Chief Executive Officer and a director of the Corporation and Manjeet Dhillon has tendered his resignation as Chief Financial Officer of the Corporation.

Saturn Minerals Inc. (TSX-V: SMI) announced that it has retained Scott Davis as its Chief Financial Officer ("CFO"). Mr. Davis' experience is extremely well suited for the position of CFO with Saturn Minerals. Mr. Davis replaces Larry Johnson who resigned as CFO.

Hy Lake Gold Inc. (CNSX: HYL) announced the appointment of Gaetan Chabot as Chief Financial Officer. Mr. Chabot has been Chief Financial Officer of several publicly traded junior mining companies for the past 5 years, including Asia Now Resources Corp. and Hawk Uranium Inc.

Royce Resources Corp. (TSX-V: ROY.H) announced the appointment of Gordon Keep as Chief Financial Officer and Corporate Secretary.

Petro-Reef Resources Ltd. (TSX-V: PER) announced that Alisdair Leeson has been appointed Vice President Finance and Chief Financial Officer of the Company. Mr. Leeson brings twenty five(25) years of experience as a Chartered Accountant in various industries. The appointment of Mr. Leeson is in addition to the previously announced appointment of Hugh Thomson as Chief Accountant.

Bowood Energy Inc. (TSX-V: BWD) announced that it has appointed Franco Civitarese as the new Chief Financial Officer , replacing Mr. Kryczka who acted as the CFO during a period of transition for Bowood. Mr. Kryczka will now be assuming the full time role of Vice President Business Development and will remain a director of the Company. Mr. Civitarese responsibilities as CFO will extend from his current position as VP Finance and will include primary responsibility for all financial and accounting matters including the preparation of financial statements and managing the financing needs of the Company.

Pacific Cascade Minerals Inc. (TSX-V: PCV) announced the appointment of John Meekison to the Board of Directors of the Company. Mr. Meekison also has extensive experience as a Chief Financial Officer of public companies, including iCo Therapeutics Inc. and Response Biomedical Corp. He is a director of Natcore Technology Inc. and is CFO and a director of Ravenstar Ventures Inc.

Colossus Minerals Inc. (TSX: CSI) announced that Claudio Mancuso has been appointed to serve as the Company's Chief Financial Officer, replacing Steven Poad. Prior to joining Colossus, Mr. Mancuso served as Vice President, Treasurer of Agnico-Eagle Mines Limited, a position he held since January 2009. Prior to that appointment, he served Agnico-Eagle in various financial management positions. Prior to joining Agnico-Eagle in 2002, he held positions at the Ontario Securities Commission and BDO Dunwoody LLP, a public accounting firm.

Sereno Capital Corporation (TSX-V: SZZ.H) announced that David Guebert has been appointed Chief Financial Officer of the Corporation.

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