Angel Bioventures Inc. announced that Angel and a wholly-owned subsidiary of Angel (Angel AcquisitionCo) have entered into a definitive merger agreement dated November 15, 2016 with Huayra Minerals Corp. Under the terms of the Merger Agreement, Huayra and Angel AcquisitionCo will amalgamate and the amalgamated company will become a wholly-owned subsidiary of Angel. Upon the Amalgamation becoming effective, it is anticipated that Angel's current management will resign and that Huayra will appoint new officers satisfactory to the Exchange to manage the business of the Resulting Issuer. The board of directors of the Resulting Issuer will also be reconstituted to comprise five directors, consisting of three individuals selected by Huayra (including one individual designated by Silver Standard), one individual selected by Angel and one individual to be selected by mutual agreement of Huayra and Angel. The following individuals are expected to comprise the board of directors and senior officers of the Resulting Issuer. Hernan Zaballa - Executive Chair and Director: Hernan Zaballa is a senior partner at Zaballa Carchio Abogados in Buenos Aires, Argentina. He was formerly a director of the Argentine subsidiaries of Barrick, Penoles, Northern Orion, Newcrest, and Polimet/Yamana, as well as Vice President of Pan American Silver's Argentine subsidiaries. Eduardo Perlicz - Director: Eduardo Perlicz is an independent advisor and financial consultant with extensive contacts in Latin America. He has over 30 years' experience in the mining business with expertise in trading, mining and metals, investment banking, and project financing. He has served as an independent director of Bowmore Exploration Ltd, and serves as a member of the Advisory Board of UrAmerica PLC. John DeCooman - Director: John DeCooman is Vice President, Business Development and Strategy of Silver Standard. His experience prior to joining Silver Standard in 2009 includes over 15 years of mining project finance and advisory responsibilities at Deutsche Bank, Bankers Trust and Standard Bank, as well as corporate positions in finance, business development and exploration. David Doherty - Director: David Doherty brings over 20 years of investment and finance experience to the company. He is founder and president of Rockshield Capital. Willem Fuchter - President and Chief Executive Officer: Willem Fuchter has over 25 years of experience working in mines and exploration projects in Africa, Asia, North and South America, Europe, and the Middle East for both junior and major mining companies including Riofinex, Falconbridge Gold, Kinross, and Ivanhoe Mines. Zula Kropivnitski - Chief Financial Officer: Zula Kropivnitski has over ten years of international experience in the resource sector, having served as chief financial officer and director of several public companies. Eugenio Ponte - Vice-President, Environment and Corporate Social Responsibility: Eugenio Ponte has been general manager of alluvial gold operations in northwestern Argentina. Karl Cahill - Vice-President, Investor Relations: Karl Cahill has spent the last 10 years in the United States working as a consultant to emerging public technology, biotechnology and resources companies. Cassandra Gee - Corporate Secretary: Cassandra Gee has been involved with public companies for over 10 years in administration, international finance and accounting.