Liberty Defense Holdings Ltd. announces that the Company has made certain management and board changes associated with ongoing merger with DrawDown Detection Inc. Effective May 1st, 2020, Aman Bhardwaj assumed the role of Interim CEO and Director of the Company. Mr. Bhardwaj will also continue in his role as COO and President of US Operations, which he has held since inception of the Company. In connection with the merger, Bill Riker (Liberty's former CEO) and Damian Towns (Liberty's former CFO) agreed to terminate their employment with the Company effective April 30, 2020, in order to facilitate the merger.

At the request of the Board, both Mr. Riker and Mr. Towns will remain on the Board of Directors in the interim in order to assist with the completion of the merger. The Company hopes to be in a position to provide an update on the merger shortly.