Celtic Minerals Announces Resignation of President and CEO

CNSX-CWE

TORONTO, March 19, 2012 /CNW/ - Celtic Minerals Ltd. (CWE) ("Celtic" or the "Corporation") announces that effective March 15, 2012 Paul Cullingham has resigned as President, CEO and Director of Celtic Minerals.

The Board recognizes and appreciates all that Paul has done for Celtic Minerals and wishes him all the best in his future endeavors.

Mr. David Grand will be acting as the Interim President and Chief Executive Officer until a suitable candidate is found.

David Grand, President and CEO (Acting)
Phone:  [phone]
Fax:  [phone]
Email:   [email protected]

Kenneth Johnston, Director and Chief Financial Officer 
Phone: [phone]
Fax: [phone]
Email:  [email protected]

Garth Douglas, Investor Relations
Phone:  [phone]
Fax:  [phone]
Email:   [email protected] 

Additional information regarding Celtic Minerals Ltd. is available on the company's website at www.celticminerals.com.