Peat Resources Limited announced the appointment Scott Allen as a independent directors. He was recently appointed Director, Head of Model Validation (APAC) at Standard and Poor's based in Hong Kong. Michael Cachia as a independent directors.

He has extensive experience in providing both consulting and audit based services to public companies. The company would like to thank John Loewen and Peter Smith for their service and advocacy. Loewen and Smith are stepping down from the Board.