Bluefire Mining Corp. announced that it is proposing a change of business to become an Investment Issuer. The company intends to transition to an investment issuer specifically focused on providing royalty financing to private businesses operating outside of the natural resource and commodity sectors. The company's objective is to build a diversified portfolio of cash-flowing royalty investments.

In connection with the proposed change of business, the Company has recruited a number of individuals with extensive experience in acquiring, operating, investing and selling private and public companies. The company announced that Chris Buss has resigned as President and CEO, Jason Tong has resigned as Chief Financial Officer and Jeff Tyson, Dan Gleadle and Robert Blair, have resigned from their respective director positions. The company to extend its gratitude to Mr. Tong, Mr. Tyson, Mr. Gleadle and Mr. Blair for their services. The new composition of the company's senior management and board of directors is as follows: David Schellenberg, Director Mr. Schellenberg is a Chartered Professional Accountant &an experienced senior business leader. Clark Hollands, Director. Mr. Hollands spent 33 years with KPMG &for 25 of those years he served as an International Tax Partner with the Vancouver, Canada office of the firm. Greg Smith, Director Mr. Smith is currently the CEO &a director of Anthem United, a public producing precious metals company currently operating in Peru. Justin Currie, Chief Executive Officer and Director Mr. Currie is a Chartered Professional Accountant with 20+ years of progressive experience leading complex manufacturing &service businesses in both financial &operational roles. Chris Buss, Chief Investment Officer and Director Since 2012, Mr. Buss has been the Vice President of Corporate Development at Pathway Capital, a private venture capital firm located in Vancouver. Steve Krause, Chief Financial Officer Mr. Krause is a Chartered Professional Accountant in British Columbia &a Certified Public Accountant in the State of Illinois.