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UPDATE: Encore Renaissance Announces Co Reorganization With Wayrynen At Helm; Shares Edge Away From Near Yr Lows, 20M Shares Traded

Encore Renaissance Resources Corp. (EZ.V), which edged up and a bit further away from a year low 1.5 cents Wednesday, reported it has appointed Matt Wayrynen as President and Chief Executive Officer to reorganize and revitalize the company. It said Wayrynen has extensive experience in resource company management, venture capital financing and mergers and acquisitions, and will refocus Encore Renaissance on developing the Bonaparte mine property near Kamloops, BC.

Encore Renaissance has retained the services of Coast Mountain Geological to assist with the aggregation and assessment of information accumulated to date on to the Bonaparte property. Once the assessment is completed, the team at CMG will assist the Board and Advisory Board with the company's revised development strategy.

Matt Wayrynen is a former director of Quinto Mining Corporation, which was acquired by Consolidated Thompson Iron Mines in 2008 for a share value equal to $175 million. He is an original co-founder and former President and Chief Executive Officer of TrichoScience Innovations Inc., which was acquired by Replicel Life Sciences Inc. Wayrynen helped advance RepliCel to its current market capitalization of over $100M. Wayrynen is currently a director and senior officer of several other reporting issuers in the resource and energy sectors. He is also the former President and Chief Executive Officer of Bralorne Gold Mines Ltd.

Wayrynen said in a statement that he had reviewed the history and information from the Bonaparte property, and was extremely excited about its potential development into a revenue-producing asset.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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