Vancouver, BC – February 27, 2020. Esrey Resources Ltd. (the “Company”) is pleased to announce a change in its management. Effectively immediately, David Cohen, Paul Larkin and Pablo Marcet have resigned as directors and officers of the Company and have been replaced by the following persons:

Name Office Held
Allen D. Leschert Director and CEO
Malcolm B. Fraser Director, President and Interim CFO
W. Joseph Yelder Director
David Pasko Director

We thank all of the resigning directors and officers for their past service to the Company and wish them well in their future endeavours.

We also extend a warm welcome to each of the incoming directors and officers, each of whom brings a range of experience and professional qualifications to the Company.

Allen D. Leschert, CEO, holds a B. Comm. (With Distinction) from the University of Alberta, a law degree from the University of Victoria and has more than 35 years experience as a senior securities lawyer in Vancouver. During that time has served as a director and senior officer of multiple public companies and has dealt with numerous corporate and mining transactions around the world.

Malcom Fraser holds degrees in geological engineering (B. Sc, Queens), economic geology (M.A., Harvard) and law (Osgoode) with more than 50 years experience in various capacities with numerous mining companies, including serving as a director or senior officer of a number of public companies.

W. Joseph (Joe) Yelder holds an undergraduate degree from Central State University and an MBA from the Wharton School of Business, University of Pennsylvania. He has held senior management positions with Pepsi and other corporations and has been a director or senior officer of a number of public companies.

David Pasko has a B.Th. degree from Summit Pacific College and has completed numerous post graduate courses in accounting, finance and other areas. He has more than 8 years’ experience in financial transactions and funding, with a focus on residential and commercial real estate and other transactions, including arranging senior debt financing for mining transactions. He has also on a number of occasions acted as a consultant to the Province of British Columbia, most recently in the area of affordable housing.

We look forward to the contribution of the unique skills and experience this group brings as we move forward to face the new challenges and opportunities that lie ahead for the Company.

On behalf of the Board of Directors

“Allen D. Leschert”
Allen D. Leschert CEO

For more information, please contact:

Investor Relations: 604-925-5136

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