Malbex Resources Inc. announced that, it has entered into a management services agreement with Samara (the "Management Services Agreement"), pursuant to which Samara will provide the services of Ben Cubitt as the new Chief Executive Officer of Malbex. The company also wishes to announce that in connection with the Transaction, the current board of Malbex, consisting of Terry MacGibbon, Joe Hamilton, Frank Davis, and Robert Low, is expected to resign, to be replaced by Ben Cubitt, Josh Crumb, Stefan Wieler, and Justin Oliver.