Culane Re-Elects Directors to Board

Culane announced it is re-electing Messrs, Jim Brown, Glenn Carley, Don Nelson, Don Staus and Harley Winger as directors of Culane.

Following the meeting, Culane's directors also agreed to appoint Darren C. Stark as an additional director for the ensuing year, subject to approval by the TSX Venture Exchange. Mr. Stark is a Canadian trained lawyer with 18 years of international experience, the past 10 residing in Barbados. He had spent 7 years with Royal Bank of Canada, Global Private Banking, and had been their Managing Director in both Barbados and the Cayman Islands. Currently, and for the past 5 years, he has been the President and Chief Executive Officer of Oxbridge Bank & Trust SCC ("Oxbridge"), also based in Barbados. Oxbridge is a significant shareholder of Culane's common shares.

Mr. Stark received his Bachelor of Commerce and Bachelor of Laws degrees from the University of Saskatchewan, Canada, and his Master of Laws from the University of London, UK. Mr. Stark is a member of the Law Society of Alberta, Canada, the Turks and Caicos Islands Bar Association, International Tax Planning Association, Society of Trust and Estate Practitioners (former Chairman of the Barbados Branch) and holds the Canadian Securities Course designation.

In addition, Tom Field, Culane's Vice President, Engineering and Operations was also appointed as Chief Operating Officer of Culane.