Mr. Anthony Jackson reports

VERONA DEVELOPMENT CORP. ANNOUNCES CHANGES TO THE BOARD

Verona Development Corp. has appointed Anthony Jackson, Konstantin Lichtenwald and Kenneth Tollstam to the board of the company, replacing Gurminder Sangha, Martin Wood and Rudiger Brauer, all of whom have resigned from the company. Mr. Jackson will replace Mr. Brauer as the company's chief executive officer, and Mr. Lichtenwald will serve as the company's chief financial officer.

Mr. Jackson is a principal of BridgeMark Financial Corp., which provides financial advisory services to public and private companies. Prior to his time at BridgeMark, Mr. Jackson spent a number of years working at Ernst & Young LLP and obtaining his chartered accountant designation before moving on to work as a senior analyst at a boutique investment banking firm. Mr. Jackson has had extensive experience as a director and officer of numerous publicly traded corporations.

Mr. Lichtenwald specializes in providing corporate finance, valuation, taxation, financial reporting, consulting and other accounting services to both small businesses and as public commodity resource companies. Mr. Lichtenwald also assists in many aspects of client administration, financing and other activities. Mr. Lichtenwald also worked at Ernst & Young GmbH, Germany, in the assurance department. Mr. Lichtenwald earned his bachelor of business administration degree from Pforzheim University, Germany, and holds the professional designation of chartered professional accountant (CPA, CGA), where he is a member of Chartered Professional Accountants of British Columbia and Canada. Mr. Lichtenwald has had extensive experience as a controller and CFO of numerous publicly traded and private corporations in several industries.

Mr. Tollstam has spent a number of years at Deloitte Touche, where he obtained his CA before going on to hold various executive management and director of finance positions throughout his career. Mr. Tollstam serves as director and chief financial officer of several private and publicly traded companies.

The company thanks Mr. Brauer, Mr. Sangha and Mr. Wood for their time and efforts during the duration of their directorship, and wishes them well in future endeavours.

We seek Safe Harbor.