| Kernow Resources & Developments Ltd. (“Kernow”) has been requested by the Compliance &
Disclosure Department of the TSX Venture Exchange to announce that one of Kernow’s
directors, Robert F. Weicker, has agreed to a Consent Order dated October 30, 2008 with the
Association of Professional Engineers & Geoscientists of British Columbia (“APEGBC”) arising
from disclosures made in 2004 by Aberdene Mines Ltd., an OTC Bulletin Board-traded issuer
unrelated to Kernow, of which he was formerly a director and officer (refer to Kernow’s Press
Release dated August 14, 2007).
Kernow understands that under the APEGBC Order, Mr. Weicker is suspended as a member of
APEGBC for the period of six months ending April 30, 2009, and must before April 30, 2009
write and pass APEGBC’s Professional Practice examination, must personally attend APEGBC’s
Law and Ethics seminar, take a course approved by APEGBC on the duties and responsibilities
of a ‘qualified person’ in the preparation of reports under National Instrument 43-101 (NI 43-
101) and pay $5,000 towards APEGBC’s legal costs. He must also attend a course approved by
APEGBC on directors’ and officers’ duties for public companies by October 30, 2009. Mr.
Weicker is required to comply with the terms of the Order prior to his application for
reinstatement as a member of APEGBC.
Mr. Weicker has not been a ‘qualified person’ on any of Kernow’s projects and will continue to
act as an independent, outside director. Kernow’s ‘qualified person’ under NI 43-101 is its
President, Alan F. Matthew, C.Eng.
The TSX Venture Exchange does not accept responsibility for the |
