Traction Uranium Corp. announced the appointment of Paul Gorman as Interim Chief Executive Officer. Mr. Gorman is a resource sector-focused corporate specialist with over 25 years of experience in junior mining finance, public listings, viability assessment, and the operational rationalization of several emerging-growth public companies.

For 18 years, he served as President and Managing Partner of Riverbank Capital by working with small-cap companies to assist in financing, property, and profile development. Paul was instrumental in raising capital over $85 million, and in developing plans for ongoing sustainable business growth. He was instrumental in revitalizing the junior graphite space in North America in 2008 by funding Industrial Minerals Inc, which became Northern Graphite and assisting four other graphite companies in an advisory role.

Paul founded Mega Graphite Inc. in 2009 and has served as chief executive for three other companies. He is currently the Chief Executive Officer of Reflex Advanced Materials Corp. The appointment of Mr. Gorman follows the resignation of Lester Esteban as Chief Executive Officer for the Company.

Mr. Esteban will remain as a Director of Traction.