General Donlee Canada Inc. Announces Planned Retirement of Chief Financial Officer and Appointment of Replacement

TORONTO, April 14 /CNW/ - General Donlee Canada Inc. ("General Donlee" or the "Company") (TSX: GDI) announced today that Gerald Thain will retire as Chief Financial Officer of the Company at the end of April 2011, following an 11-year career with the Company.

Effective May 2, 2011, Garen Mikirditsian will become Chief Financial Officer of the Company. Mr. Mikirditsian has recently been assisting the Company's Board of Directors and senior Management on various financial matters and as such is closely familiar with General Donlee's business.

In discussing his upcoming retirement, Mr. Thain said, "During my tenure at General Donlee, the company has experienced tremendous change and success, and I am proud of the role the finance organization has played in that success. I have worked with Garen over the past few months. Garen has my full support and I firmly believe that he will contribute greatly to the company's future success."

"On behalf of the entire company, we wish to thank Gerry for his contribution to General Donlee throughout his 11 years of service and we wish him well in his retirement," said Michael Snow, President and Chief Executive Officer of the Company.

Mr. Snow continued, "Garen brings many years of management experience, knowledge of capital markets and financial expertise to his new role at General Donlee, a background which will provide strong support to the company's strategy of operational excellence and forward focus on organic and acquisition driven growth."

Mr. Mikirditsian's professional career incorporates extensive experience in financial management roles, most recently serving as Vice President at the Toronto offices of Geosam Investments Limited, a private investment firm. From 2006 to 2009, Mr. Mikirditsian spent three years in the Mergers & Acquisitions group of a major Canadian investment bank where he was involved in a wide range of public and private M&A advisory mandates. Mr. Mikirditsian has a strong understanding of the business issues facing manufacturing companies, having previously worked as general manager at a Montreal-based luxury-goods manufacturing business. Mr. Mikirditsian is a graduate of Concordia University's John Molson School of Business where he received a Master of Business Administration degree. He holds a Bachelor of Engineering degree from the Mechanical Engineering Honours Program at McGill University.

Certain forward-looking statements contained in this news release are based on information, currently available to management, but are subject to a number of uncertainties and risks that could cause actual results to differ materially from the results discussed in the forward-looking statements. Further information can be found in the disclosure documents filed by General Donlee Canada Inc. with the securities regulatory authorities, available at www.sedar.com or through the Company's website at www.generaldonlee.com.

SOURCE General Donlee Canada Inc.

For further information:

Michael Snow, Chief Executive Officer
Telephone:  (416) 743-4417
E-mail:  msnow@donleeprecision.com
Web site: www.generaldonlee.com

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General Donlee Canada Inc.

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