Portola Resources Inc. announced the appointment of Michael Denny as its new President, Chief Executive Officer and director. Mr. Denny has been an Investment Banker for over 25 years and was most recently Managing Director, Investment Banking at Mackie Research Capital in Toronto. Paul Chung has stepped down as a director of the Company to make room for Mr. Denny's appointment.

Former President and Chief Executive Officer, Mr. Jeffrey Cocks, remains a director of the Company.