FEC RESOURCES INC. announced a number of changes to the Company's Board of Directors and management roles which will be effective October 30, 2020. Mr. Paul Wallace has resigned as President of the Company. Mr. Wallace will continue to serve as a non-executive director of the Company. Mr. Daniel Stephen Carlos has been appointed to the Board of Directors of the Company filling the vacancy left by the previously announced retirement of Mr. Lyle Brown. Mr. Carlos will also serve as the Company's President. Mr. Carlos is currently the President and a Director of the PXP Energy Corporation.