Gem International Resources Inc. at its annual & special meeting of shareholders held on February 9, 2018, shareholders elected John W. Barr, Michael Ballanger and John Campbell Smyth to serve as the board of directors of Gem International and to take office immediately following the Meeting. The Board has appointed John W. Barr as the interim Chief Executive Officer to replace Denis Hayes. Mr. Barr is the founder Mosman Oil & Gas Limited.

Mr. Ballanger now works for Bonaventure Explorations Limited/Bonaventure Capital Corp. Mr. Smyth assisted in managing the Phoenix Gold Fund, based in Kuala Lumpur, Malaysia, from 2007 to 2014, and remains active in the resources and healthcare sectors.