UC Resources announced that the company board of directors has accepted the appointment of Andrey Soloviev as President of the Company effective immediately. The company will add Andrey to its board of directors in due course with the submission of his consent to act as a director and his personal information form for review as soon as possible. Gary Monaghan will remain as Executive Chairman and CFO through the transition phase of the company.

The company plans to move forward in this new direction assuming it will receive shareholder approval as this transition takes place. The company has accepted the resignation of Nicole Wood as CFO effective immediately. Directors Senator Larry Faulk, Paul Bercier, Trent Blind, and Lorne Roseborough will remain as directors until the new management team is selected and the transition that is required takes place.