Spruce Ridge Resources Ltd. announced the appointment of Mr. Pierre Gagnon to the Board subject to regulatory
approval. Pierre is the President and Managing Director of Chancery Investments Inc. He was President of IP Devco Inc., a contract software developer and Brukar Inc., a manufacturer of metal castings. He is a Member of the Advisory Board at The Shotgun Fund, LP and The Succession Fund, LP and a director of a number of publicly-listed companies and several private companies. Mr. Gagnon was also the Chairman of Copernicus Educational Products Inc. He is a Director of Halton Healthcare Services Foundation and Oakville Galleries.