Effective March 15, 2014, Michael Donaghy resigned as a member of Board of Directors of Blue Water Ventures International, Inc. His resignation was not related to any disagreement with the Company. As of the date hereof Larry W. Hoogendoorn was appointed to fill the vacancy on the company's Board of Directors that was created by Mr. Donaghy's departure. Mr. Hoogendoorn is currently a shareholder of the company and has an interest in gross revenues received from the Company's current operations in Panama.