Alma appoints Levy president, CEO

2008-04-17 14:13 ET - News Release

Mr. Marc Levy reports

ALMA APPOINTS NEW DIRECTOR & CEO

Alma Resources Ltd. has appointed Marc Levy as president and chief executive officer of the company, effective immediately. Mr. Levy has been a director of the company since Aug. 1, 2006.

Mr. Levy was the founder and former chairman and CEO of Norsemont Mining Inc., a Toronto Stock Exchange-listed company, until June 1, 2007. He is currently a director of several private and public companies, including Sparrow Ventures Ltd., Milk Capital Corp. and Mosam Ventures Inc. He has held numerous management and senior management positions with both private and public companies in the resource and technology sectors.

The company has also appointed Ryan McCleery to the board of directors effective immediately. Over the past 12 years, Mr. McCleery has been actively involved as a businessman in British Columbia. He has assisted several public companies with strategic guidance as well as capital-raising services. Mr. McCleery has previously served as a director to International All-North Resource Corporation. In addition, he has held positions with both Haywood Securities Inc., as well as Canaccord Capital Corporation. Currently, Mr. McCleery serves as a financial consultant for Element and Associates, a corporate and project finance company. Mr. McCleery brings to the board an impressive network of contacts in Canada, the United States and Europe.

The company has accepted the resignations of Jagdip Bal and Clint Sharples from the board of directors. As well, Mr. Bal has stepped down as CEO of the company. The directors would like to thank Mr. Bal and Mr. Sharples for their positive contributions to the company and wish them well in their future endeavours.

Alma has granted 1.4 million stock options to its directors, officers, employees and consultants, exercisable for a period of five years, at a price of 17 cents per share.