Schwabo Capital Corporation announced the appointments of Messrs. Vitaly Melnikov, Charles Ross and Michael Thomson to its board of directors, effective immediately. The company has accepted the resignations of Messrs.

Mark Fisher, Michael Talmage and Raymond Savoie from the board of directors. Mr. Melnikov is currently CFO, Corporate Secretary and director of Saturn Minerals Inc. Mr. Thomson is the former President and Chief Executive Officer of Richmond Row Capital Corp. The company announced the appointment of Mr. Jordan Shapiro who will assume the position of Secretary in place of Mr. Max Pinksy.

Mr. Shapiro is currently on the company's board of directors and has over 17 years of experience in the financial services industry.