Desnoes & Geddes Resignation & Appointment of Audit Committee

Desnoes & Geddes Limited (DG) has advised that Mr. Jed Dryer resigned from the Audit Committee effective May 9, 2014. He, however, remains a member of the Board of Directors. Mr. Bruce Kidner was appointed a member of the Audit Committee replacing Mr. Dryer. Mr. Dryer resignation from the audit Committee is not related to any disagreement in respect of accounting principles or practices, financial statement disclosure or any other material issue impacting on the Audit Committee or his ability to properly carry out the functions delegated by the Board.