Sunvault Energy, Inc. announced that effective October 18th, 2016, Gary Monaghan has resigned as a member of board of directors. Mr. Monaghan concurrently resigned as CEO of company. The resignation of Mr. Monaghan is as a direct result of a change of control in the company per his management contract and a difficult personal family illness at home and not the result of any disagreement with company regarding operations, policies, practices or otherwise.

Mr, Monaghan is enacting his change of control provisions within his management contract which is predominantly unpaid to date.