Reliance strengthens executive team

• Appointment of Mr Kevin Kye as Chief Financial Officer
• RI's TSX listing provides valuable foundation for growth
• Reliance assessing corporate opportunities and projects in North America

VANCOUVER, Oct. 18, 2013 /CNW/ - Reliance Resources Limited (TSX: RI) ("Reliance") or ("the Company") is pleased to announce the appointment of Mr Kevin Kye as Chief Financial Officer (CFO). This appointment strengthens Reliance's executive ranks with Mr Nicholas Clark continuing in his role as President of the Company.

Mr Kye has extensive experience and qualifications that will be very valuable for Reliance as it assesses a number of value-adding opportunities. Mr Kye holds a Bachelor of Commerce and is a qualified chartered accountant with 10 years' accounting, finance and treasury experience. Mr Kye has worked in leading international accounting firms including Ernst & Young as well as in respected listed and private companies.

Reliance's President Nicholas Clark commented: "We are delighted to welcome Kevin to the Company and his experience and strong financial discipline will be important as we move to our next stage of development.

"Despite the challenging market conditions, Reliance is well placed to pursue a number of opportunities. Our status as a TSX listed company has been valuable in attracting a number of potentially value-adding opportunities. We have several projects and corporate opportunities under consideration, and we look forward to updating shareholders on our progress."

SOURCE: Reliance Resources Ltd.

Nicholas Clark 
Email: [email protected]
Ph: [phone]