Taipan Announces Election of a New Board of Directors and Appoints New Officers

VANCOUVER, BC / ACCESSWIRE / April 7, 2016 / Taipan Resources Inc. (TSXV: TPN) (“Taipan” or the “Company“) is pleased to announce at its annual general meeting of shareholders held on Tuesday April 5, 2016 that the shareholders have elected a new board of directors for the Company. The outgoing board of directors cease to hold office as of April 05, 2016 and the newly elected two (2) directors, namely Mr. John Cumming and Mr. Kevin Ma, together with existing director Joel Dumaresq will form the new board of the Company.

The Company further announces the appointment of Mr. Joel Dumaresq, current CFO, as the new Chief Executive Officer of the Company, and the appointment of Mr. Theo van der Linde as the new Chief Financial Officer and Corporate Secretary, effective immediately.

Mr. Dumaresq, is taking over from Mr. Max Birley as Chief Executive Officer and director. The Company wishes to thank Mr. Birley and the other two departing directors, Mr. Steve Lowden and Mr. Charles Watson for their contribution, and wish them continued success in their future endeavors.

The Company is currently evaluating production-oriented oil and gas opportunities in North America and anticipates making further announcements soon with respect to the new business focus.

Taipan Resources Inc. is presently in the business of exploring for or purchasing, economically viable oil and gas resource deposits. It has a 20% non-operated interest in Block 1 and a 100% operated-interest in Block 2B onshore Kenya through its wholly owned subsidiary Lion Petroleum Corp.

Contact Information:

Joel Dumaresq
CEO and Director
Taipan Resources Inc.
(604) 336 3193
jdumaresq@taipanresources.com
www.taipanresources.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEW RELEASE.

Cautionary Notes Regarding Forward Looking Statements

This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

SOURCE: Taipan Resources Inc.

ReleaseID: 438586