VANCOUVER, British Columbia, May 17, 2018 (GLOBE NEWSWIRE) -- HUDSON RESOURCES INC. (TSX-V:HUD) (OTC:HUDRF) is pleased to
announce the appointment of Mr. Robert (“Bob”) Shields to the Board of Directors. Hudson also announces the appointment of Flemming
Knudsen as the Chairman of the Board, succeeding John Hick.
Bob Shields brings to the Company significant operational experience across a number of industries. Bob
was most recently President of Island Tug & Barge Ltd (ITB) prior to its recent sale. Over a span of 30 years, Bob grew ITB to be
one of the West Coast’s largest bulk transporters which included operations in the Canadian high Arctic. Through his family’s
holding company, Coal Island Ltd., he owns operations in commercial real-estate, forest products manufacturing, and until recently,
marine transportation services. Bob has a Bachelor of Science in Economics from the University of Victoria (1985) and
obtained his ocean going Masters Certificate in 1987.
James Tuer, Hudson’s President stated: “We are very pleased to welcome Bob to our board as we move the Company
from development to operations. Bob has a strong track record of running successful operating businesses and has an in-depth
knowledge of the marine industry which is important as Hudson starts to ship its GreenSpar (anorthosite) product worldwide. In
conjunction with this appointment, we are announcing the resignation of John Hick who is retiring from the board. John has been the
Company’s longest serving independent director going back to September 2002. He has provided invaluable assistance and mentoring to
the Company over the past 16 years. On behalf of both management and the rest of the directors, I would like to take this
opportunity to thank John for his support and guidance.”
The Company is very happy to announce that Flemming Knudsen has agreed to take on the role of Chairman of the
Board. Flemming has been on the Board since 2010 and has been instrumental in guiding the company’s efforts in Greenland and
Denmark. Flemming is a highly respected businessman in Greenland where, from 2007 to 2011, he served as the CEO of Royal Greenland
A/S, which is the biggest company in Greenland and one of Europe’s largest seafood companies. Prior to this, he was the CEO of Air
Greenland for five years and CFO of ECCO shoes. His mining experience stems from 1974, when he served for nine years as Finance and
Accounting Manager, then VP Finance of Cominco’s Black Angel lead/zinc/silver mine in Greenland.
ON BEHALF OF THE BOARD OF DIRECTORS
“James Tuer”
James Tuer, President
For further information:
James Tuer, President
Ph: 604-628-5002 or 604-688-3415
tuer@hudsonresources.ca
Forward-Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of
historical fact included in this news release, including, without limitation, statements regarding the future plans and objectives
of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ materially from the Company's plans or
expectations include market prices, general economic, market or business conditions, regulatory changes, timeliness of government
or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as otherwise required by applicable securities
legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
