Semcan Announces CEO Retirement and Appointment of Successor

Semcan Inc. has announced that Mr. P. M. Jamieson, the Company's Chairman and Chief Executive Officer, will retire as CEO on March 15th, 2011. Mr. Jamieson will remain a significant shareholder and director of the Company.

Semcan's board of directors announces that Mr. David Deacon has been appointed the Company's CEO as of March 15th. Mr. Deacon began his career at specialist investment firm Deacon Hodgson Inc. before joining Porsche Canada as general manager and head of the Canadian subsidiary. From 2001 to 2007 he led Azure Dynamics as President and COO.

Since 2008 he has been Chairman and CEO of GroupDKG Corp., a company providing fibreglass products to the municipal, mining and power markets in Canada and the US. Mr. Deacon has stepped down as CEO of GroupDKG Corp. but will remain Chairman until a successor is appointed.

Mr. Ian Conn, on behalf of the Company's board, commented "I am delighted with the appointment of David Deacon as CEO. David's business and marketing experience will help Semcan build on the firm foundations established through the recently-announced financial restructuring of the Company."