Marret Resource Corp. announced the appointment of Mr. Frank Davis as the new Chairman of the Board of Directors of the Company effective May 23, 2013. Mr. Davis has been a director of the Company since August 1, 2008 and serves on the Company's Audit Committee and is the Chair of the Corporate Governance and Nominating Committee.

Mr. Davis is currently counsel for Bennett Jones LLP since February 2013, and prior to that was counsel for, and previously a partner of, the law firm Fraser Milner Casgrain LLP. Mr. Davis is currently a director of Torex Gold Resources Inc., Sereno Capital Company and Malbex Resources Inc. Mr. Davis is also a member of, and has received his ICD.D from, the Institute of Corporate Directors. The company also announced the appointment of Mr. Douglas Scharf to the Board of Directors of the company effectively May 23, 2013.

Mr. Scharf will also serve on the Company's Audit Committee and the Corporate Governance and Nominating Committee.