DRM Ventures Announces Resignation of Nitin Kaushal from the Board of Directors


TORONTO, May 5 /CNW/ - DRM Ventures Inc. ("DRM") (TSX-V:DRM.P) announced today that the planned
transition of Nitin Kaushal from its board of directors has been completed with his resignation today.

"Mr. Kaushal's plan to retire from the DRM board was previously disclosed in February. He agreed to continue to serve to facilitate the orderly transition of the board, which has now been accomplished," said Amin Khalifa, chairman of DRM. "He has been a great asset to the board of directors of DRM, and we wish him well," Mr. Khalifa continued.

DRM's board now consists of Mr. Amin Khalifa, Mr. Gordon McCauley, and Mr. Edward Dooling. The board will continue to exist in its current configuration with three members.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither 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.

This news release may contain forward-looking statements that are based on DRM's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and DRM undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances.

SOURCE DRM Ventures Inc.

For further information:

Amin Khalifa
Chief Executive Officer
DRM Ventures Inc.

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DRM Ventures Inc.

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