Composite Alliance Group Announces Officer Resignation and Appointment

Calgary, Alberta–(Newsfile Corp. – May 17, 2023) – Composite Alliance Group Inc. (TSXV: CAG) (the “Company” or “CAG“) announces that Roger Essome has resigned as Chief Financial Officer of the Company. The board of directors of CAG extends its gratitude to Mr. Essome for his contributions to the Company and wishes him success in his future endeavors.

The Company also announces the appointment of Serge Luquain as Interim Chief Financial Officer of the Company. Mr. Luquain was appointed as Chief Technical Officer and elected as a director of CAG on January 24, 2019, and was appointed as President and Chief Executive Officer of the Company on August 5, 2022.

The Company will announce the appointment of a new Chief Financial Officer as soon as one is retained.

For further information, please contact Dale Burstall, Corporate Secretary and Director, via email at dburstall@dsavocats.ca.

Forward-Looking Statements

This news release may contain certain forward-looking information and statements, including whether the Company hires a new Chief Financial Officer and when that hiring occurs. Statements containing the words: ‘believes’, ‘intends’, ‘expects’, ‘plans’, ‘seeks’ and ‘anticipates’ and any other words of similar meaning are forward-looking. All statements included herein involve various risks and uncertainties because they relate to future events and circumstances beyond the Company’s control. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company’s disclosure documents on the SEDAR website at www.sedar.com. Any forward-looking statements are made as of the date of this press release and the Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/166463