UC Resources Announces New Directors

TSXV Trading Symbol: UC

VANCOUVER, Oct. 30, 2014 /CNW/ -Â UC Resources Ltd. (the "Company") announces the addition of a number of directors to the UC Resources Ltd. Board of Directors.

The Company is pleased to announce that Mr. Trent Blind has joined the UC Board of Directors.

Trent is currently the Chairman of the Ermineskin Cree Nation group of companies and Senior Advisor and Executive Management Consultant to ATCO Structures & Logistics Ltd., ATCO Sustainable Communities Inc. and Simplex Grinnell.

Mr. Blind served Aboriginal communities throughout the Province of Alberta and the Northwest Territories in his role as one of the founding Senior Managers of Aboriginal Banking with the Bank of Montreal. He played a strategic role in guiding the Bank of Montreal in establishing a billion dollar portfolio with various Aboriginal communities throughout Canada.

Trent is also the founding President & CEO of George Gordon First Nation Holdings Inc. the former parent business development company for the George Gordon First Nation. In past years, Trent completed a four-year contract as the Chief Financial Officer for the Siksika Nation's economic and business development arm. During his appointment as Chief Financial Officer, the group of companies' assets grew from $14 million in market value to in excess of $100 million.

Trent has served as a Senior Advisor to the Western Cree Tribal Council in representing their socio-economic and business development interests in the proposed $6 billion Enbridge Gateway Pipeline Project. He has in past years also served as the Chief Negotiator and Senior Advisor to the Akaitcho Treaty 8 Chiefs in representing their socio-economic and business development interests in the Ekatai Diamond Mine owned and operated by BHP Billiton - the largest resource and mining company in the world.

Trent has also held positions with a few federal government departments including Immigration Canada, Revenue Canada and Indian & Northern Affairs Canada.

Over the years Trent has participated in a number of community events and has made several presentations to numerous organizations in raising the public's awareness of Aboriginal issues.

He has been a director with a number of local, regional and national Aboriginal organizations including the Canadian Aboriginal Science and Technology Society, the Calgary Chamber of Commerce's Aboriginal Opportunities Committee, the Canadian Council for Aboriginal Business (Alberta Chapter), Petromin Resources Ltd., a public company listed on the TSE Venture Exchange and was past chairman of the Metis Economic Development Corporation. He is currently the chairman of Treaty 7 Economic Development Corporation's Investment Committee. Trent is the President and Principal owner of Aboriginal Financial Services Corporation, a senior advisory and executive management consulting services firm.

Trent is a Treaty Indian from the Gordon's First Nation in the Treaty 4 area of southern Saskatchewan. He attended the University of Alberta and the University of Regina and has earned two degrees: a Bachelor of Arts, Economics (Special) from the University of Alberta and a Bachelor of Administration from the University of Regina. He majored in economics and finance and is a CMA Associate.

"We are very pleased to welcome Trent to our board," stated Gary Monaghan, Executive Chairman of UC Resources. "Trent has valuable experience, connections and intelligence right in the markets we are focusing our concentration on for resource projects", he commented. "It has been estimated that over the next decade, more than 600 major resource projects with First Nations, worth approximately $650 billion, are planned for Canada, Mr. Blind's willingness to assist UC Resources in this sector of growth is very beneficial to the company", he stated.

The Company is also very pleased to welcome former US Senator Larry Faulk to its board of directors. Senator Larry Faulk was a Washington State Senator from 1966 to 1970. He is a prominent figure in public life in Tacoma and Pierce County and has been for the last four decades. In 1969, he played a key role in the creation of the State Appeals Court - and in making sure that Tacoma and Spokane would house divisions of that Appeals Court. The original bill housed the Appeals Court only in Seattle. Faulk and his fellow legislators from Tacoma and Spokane said they wouldn't vote for it if the court was based solely in Seattle -- a place that, in Faulk's view, was always trying to squeeze out the state's other cities.

Faulk worked as an executive with The Boeing Company for many years and he also headed a number of non-profit and governmental agencies, including the Martin Luther King Center in Tacoma and the Washington State Pollution and Shoreline Hearings Boards. He became a trustee of Tacoma Community College and also taught there as a political science instructor. In 2008, he ran again for the State Senate seat he had held 42 years earlier.

"The Company will benefit from Senator Faulk's influence, contacts and knowledge, and we welcome him as we move in new directions" commented Gary Monaghan.

The Company has also added Lorne Mark Roseborough to its board. Mr. Roseborough currently is Executive Chairman of CleanGen Inc. and director of Sunvault Energy Inc. Mr. Roseborough previously held the position as a Start-up Lead Executive for Dow Corning's $1.2 billion Semiconductor plant in Clarksville, Tennessee. Mr. Roseborough was a director of EPOD Solar Inc. from October 10, 2007 to January 8, 2010. He also held management positions with EPOD Solar from 2003 and was promoted to Vice-President and held that position from June 30, 2008 until July 30, 2009.

From 1992 to 2003, Mr. Roseborough worked at Belkorp Industries, Inc. where he was Vice-President of Manufacturing having direct responsibility for the operations of three pulp and paper mills and a small oil refinery. These operations had approximately 350 employees and $300 million in revenues.

From November 1999 to 2003, he also held the position as President and Chief Executive Officer of Bluewater Fiber in Port Huron, Michigan (on behalf of owners Merrill Lynch and Cerberus Capital Partners) which was a large recycle pulp mill.

The Company is pleased to add Mr. Paul Bercier to its final board seat. Mr Bercier served in the Canadian Military as an Officer for 16 years and then in the Oil and Gas service industry for 20 years as a business owner, executive, and in senior management. He developed BGH Gas Test Operating into the third largest production testing company in Western Canada and Western USA. While with Western Lakota Energy Services; Mr. Bercier helped managed the Aboriginal Community portfolio for the acquisition and operation of partnership drill rigs for 12 First Nations and Metis organizations which are still operating under the aegis of Savanna Energy Services.

Mr Bercier has worked with the Metis Nation of Alberta as Advisor and Director for Economic Development and Environment where he helped managed the development of a 10 year Strategic Economic Development Plan. He helped structured the acquisition of a Metis Cultural Centre, and served on several Environmental and Economic Development Committees at the Municipal, Provincial and Federal levels. He is recognized as a national economic developer and received an award by the Canadian Association of Native Development Officers in 2002.

He participated in the Initial Canadian Aboriginal Trade Mission to China in 2008 on behalf of the Metis Nation. He is currently working as a consultant with SunVault Energy and as a freelance advisor on Aboriginal Affairs.

Mr. Monaghan has this comment about working closely with First Nations: "Our intention is to build our shareholder base with these groups, thus securing right to subsurface rights across a multitude of Aboriginal land footprints." commented Gary Monaghan Executive Chairman of UC Resources Ltd. "This is a business model that is long overdue in Canada for minerals, oil, natural gas and other resource commodities", he continued.

The Company plans to focus its attention to this market sector.

The TSX Venture Exchange has advised that trading will remain halted until such time as it has received satisfactory documentation pertaining to the new board appointments. The Company is working towards having its shares resumed to trading as soon as possible.

On behalf of the Board of Directors,

Gary Monaghan
Executive Chairman

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 release.

FORWARD LOOKING INFORMATION

Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR TIME.

SOURCE UC Resources Ltd.