AgriMarine Announce Changes To Board

Mr Knutson was appointed following the resignation of Hon. John D. Reynolds from his position as Chairman of the Board and as a Director.

Mr Reynolds cited a need to reduce his work obligations for his resignation, but will join the advisory board of the Company to assist with matters of international government cooperation and ongoing corporate development.

On behalf of the Board, we wish to thank John for his hard work and significant contributions as Chairman over the past three years and are appreciative of his desire to remain in an advisory capacity to the Company, said Richard Buchanan, CEO of AgriMarine.

Mr Harry Knutson, currently a Director of the Company, has been involved at the shareholder level with the Company for many years and has a strong understanding of the Companys technology and operations. Mr Knutson also has extensive experience in Canadian and European investment banking and tax related matters.