Steele Resitsces Corporation announced that on April 2, 2013, Peter Kristensen resigned as the company's Chief Executive Officer and as a member of the board of directors. Peter Kristensen did not express any disagreement with the company on any matter relating to its operations, policies or practices. On April 2, 2013, Syver Norderhaug resigned as the company's Chief Financial Officer and as a member of the Board of Directors.

Syver Norderhaug did not express any disagreement with the company on any matter relating to its operations, policies or practices. On April 3, 2013, Scott Landow was appointed to serve as a member of its Board of Directors to serve until the next annual meeting, his earlier resignation or death and was appointed as the company's Chief Executive Officer. On April 3, 2013, John J. Ryan was appointed to serve as a member of its Board of Directors to serve until the next annual meeting, his earlier resignation or death and was appointed as the company's Chief Financial Officer.

The company does not have an employment agreement or consulting agreement with either Scott Landow or John J. Ryan. Scott D. Landow has been the Chief Executive Officer and Chief Financial Officer of Bridgetech Holdings International Inc. since May, 2008 and was President and Chief Executive Officer from 2004 through June 2005. John J. Ryan is the President and Founder of Iron Lion Venture Group.