Para Resources Inc. announced that Mr. Javier Cordova has been appointed by the Board of Directors to serve as the President & CEO of the Company. C. Geoffrey Hampson has resigned as the Chief Executive Officer, Ian Harris has resigned as the President and as a Director and Randy Martin has resigned as Chief Operating Officer of the Company. Mr. Hampson will remain the Executive Chairman of the Board of Directors.

Mr. Cordova has been active with the Company as a consultant since early 2018. Previously, Mr. Cordova was the first Minister of Mining of Ecuador, serving from 2015 until 2018. Under his administration, the development of the Ecuadorian mining industry had been significant, positioning the country as the new mining frontier in the region.

Prior to being Minister of Mining, Mr. Cordova held prominent positions as the Vice Minister of Mining and Vice Minister of the Interior. The resignations and appointment will take effect immediately.