Mr. Bradley Kitchen reports

SECOVA ANNOUNCES $250,000 PRIVATE PLACEMENT AND NEW CFO

Secova Metals Ltd. has arranged a non-brokered private placement, pursuant to which the company will issue an aggregate of up to five million units. Each unit will consist of one common share and one-half of one common share purchase warrant at a price of five cents per unit. The company expects to raise gross proceeds of up to $250,000. Each whole warrant issued in connection with the financing will be exercisable into one common share at a price of 10 cents for a period of one year.

In connection with the financing, the company may pay an 8-per-cent cash finder's fee and issue 8-per-cent finder's warrants. The finder's warrants will be exercisable into units for a period of one year at an exercise price of 10 cents per unit.

Proceeds from the financing will be used for general working capital and exploration work on the company's projects.

The company also announces the resignation of Jonathan Richards as chief financial officer (CFO) and Justin Blanchet as corporate secretary. P. Bradley Kitchen, chief executive officer and chairman of Secova, will assume the role of corporate secretary, and Bao Huo has been appointed chief financial officer.

Mr. Huo has worked for various Canadian and U.S. public corporations in the areas of accounting, financial reporting and regulatory compliance. Mr. Huo has been involved in the financings and acquisitions of public companies listed on the TSX Venture Exchange, and is currently the CFO of Corazon Gold Corp., a junior mining company listed on the TSX Venture Exchange. He holds a diploma in accounting and a bachelor of science degree, both from the University of British Columbia.