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MAKENA PROPOSES SHARE CONSOLIDATION Makena Resources Inc. intends to proceed with a consolidation of its outstanding common shares on the basis of one postconsolidation share for 20 preconsolidation shares. Currently, a total of 141,866,783 common shares in the capital of the company are issued and outstanding. Accordingly, if the consolidation is put into effect, a total of approximately 7,093,339 common shares in the capital of the company would be issued and outstanding following the consolidation, assuming there are no other changes in the issued capital of the company. There are currently an unlimited number of authorized common shares without par value. The consolidation is being proposed to allow the company greater flexibility in future financings and is subject to approval of the TSX Venture Exchange. Seth Kay, currently a director of Makena, will replace Negar Adam as the incoming president and secretary. Mr. Adam will remain as a consultant to the company.