Saville Resources Inc. Will Not Proceed with Munn Lake Diamond Property Acquisition, Director Change
Suite 1450 – 789 West Pender Street Vancouver, B.C. V6C 1H2 Phone: 604-681-1568 Fax: 604-681-8240
SAVILLE RESOURCES INC. WILL NOT PROCEED WITH MUNN LAKE DIAMOND PROPERTY ACQUISITION, DIRECTOR CHANGE
April 28, 2017 – Vancouver, BC: Saville Resources Inc. (TSXv: SRE) ("Saville" or the "Company") will not be proceeding with the proposed acquisition of the Munn Lake Diamond Property as announced August 24, 2016, due to the current poor market conditions for the funding of diamond exploration projects.
Saville also announces the appointment of Charn Deol as a director of the Company. Charn Deol has over 35 years of experience in the financial markets. Mr. Deol currently serves on both private and public company boards as a director or in a management capacity. His past and present experience includes providing management and consulting services to companies, project analysis, investor relations, technical market analysis and the financing of international projects. Mr. Deol has extensive experience in international business development, having previously been a senior partner in a futures trading firm (Evergreen Futures) with operations in Canada and Asia and negotiating mining projects internationally.
Saville also wishes to announce the resignation of Mr. Rahim Mohamed as a Director of the Company. The Company would like to thank Mr. Mohamed for his time and service as a director.
ON BEHALF OF THE BOARD
SAVILLE RESOURCES INC.
“Steven Chen”
President and CEO Tel: 604.681.1568
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