At the Annual General Meeting of Parallel Mining Corp. held on December 4, 2012, Allan Fabbro, Rahoul Sharan and Len Davies were reappointed directors and Stephen Wilkinson joined the Board. Following the meeting, Allan Fabbro was appointed President and CEO and Richard Barnett was appointed CFO and Secretary of Parallel.

Mr. Wilkinson is a geologist and past mining consultant currently serving as President and director of ValGold Resources Ltd. Since 1976, his career was focused on the resource sector advancing from technical management to executive positions in numerous TSX listed issuers. Mr. Barnett has more than 25 years of accounting experience serving both public and private corporations. Mr. Barnett is a certified general accountant and currently a director or CFO and secretary of several other TSX V listed issuers.