Mr. Marc Levy reports

AVARONE ANNOUNCES RESIGNATION OF CFO

Kulwant Sandher, Avarone Metals Inc.'s chief financial officer, and Marc Enright Morin, president of Avarone Metals, have tendered their resignations, effective immediately.

The board of directors of the company thanks Mr. Sandher and Mr. Morin for their contributions to the company and wishes them the best in their future endeavours.

The company also is pleased to announce the appointment of Marc Levy, chief executive officer, as interim chief financial officer of the company while the board of directors completes its search for a president and chief financial officer.