Equitas Resources Corp. Announces Management Changes; Appointment of David Hodge as President and CEO & Jody Bellefleur as CFO

VANCOUVER, Feb. 7, 2014 /CNW/ - Equitas Resources Corp. (TSX-V: EQT; FSE: T6U1) (the "Company" or "Equitas") today announces that it has appointed Mr. David Hodge as President and CEO and Ms. Jody Bellefleur as CFO.

Mr. David Hodge has been President of Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) since July, 2008 and has extensive experience in the management and financing of publicly traded resource companies. Mr. Hodge's success has been founded on a belief in team building, consultation and strong leadership, as well as a willingness to incorporate expert advice into a viable working enterprise. Mr. Hodge also serves on the Board of Directors of Western Potash Corp. (TSX: WPX), Commerce Resources Corp. (TSXv: CCE), Lakeland Resources Inc. (TSXv: LK) and Pasinex Resources Ltd. (CSE: PSE).

Ms. Jody Bellefleur has been Chief Financial Officer of Zimtu Capital Corp. since June, 2013 and has been with the group since 2008. She will be responsible for all regulatory financial reporting including preparation of quarterly financial statements and management discussion and analysis. Ms. Bellefleur is a CGA with over 15 years' experience as a corporate accountant. She was an accountant with a private manufacturing company for 12 years and more recently, has worked independently as an accountant for various publicly listed mineral exploration companies. She has been a Member of the Certified General Accountants Association of British Columbia since 1998. Ms. Bellefleur is a graduate of the University of British Columbia with a Bachelor of Commerce degree.

To make room for the appointments, Mr. Jay Roberge has resigned as President, CEO and CFO. He will remain with the Company on the Board of Directors.

Zimtu Capital Corp. is a significant shareholder of the Company and currently owns 8,403,000 common shares or 16.46% of the current issued and outstanding. Zimtu is a public investment issuer that invests in, creates and grows natural resource companies. Zimtu has funded or helped launch several resource companies and the company's consistent, long-term results has earned loyalty among its shareholders and the support of its partners and peers.

About Equitas Resources Corp.

Equitas Resources Corp. is a mineral exploration company that specializes in acquiring, exploring and advancing mineral properties. Equitas has a portfolio of base metal and precious metal projects in British Columbia and the Northwest Territories. For more information on the property portfolio and Equitas, please visit www.equitasresources.com or contact:

EQUITAS RESOURCES CORP.
On behalf of the Board
"Jay Roberge"
Director

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Equitas undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

SOURCE Equitas Resources Corp.