Ceres Ventures Inc. announced that effective as of April 29, 2013, Mr. Meetesh Patel resigned as the company's President and Chief Executive Officer. His resignation as the company's President and Chief Executive Officer was not due to any disagreements between him and the Company. Mr. Patel remains a director of the Company.

Effective as of April 29, 2013, Ms. Amu Fowler was appointed as the Company's Interim Chief Executive Officer. Ms. Fowler is the managing director of Akai Technologies LLC. As managing director of Akai Technologies, Ms. Fowler has been the architect of several complex and integrated social media web applications and e-commerce solutions.

Ms. Fowler was instrumental in the development of the Licensed Materials further described in the License Agreement, for which the Company received the License Grant. Effective as of April 29, 2013, Ms. Janet Bien resigned as the Company's Chief Financial Officer; her resignation was not due to any disagreement between her and the Company. Effective as of April 29, 2013, Mr. Frank Fabio was appointed as the Company's Interim Chief Financial Officer.