CALGARY, ALBERTA – MATRRIX Energy Technologies Inc. (“MATRRIX” or the “Corporation”) (TSXV: MXX) announces a reorganization that sees Lyle Whitmarsh assume the role of President & Chief Executive Officer of the Corporation and become a member of the board of directors effective January 23, 2018. Mr. Whitmarsh was previously President – Rig Division of MATRRIX, having joined the Corporation in August 2017. Rick Ryan, formerly President & Chief Executive Officer and a director, has left the Corporation to pursue other opportunities. “MATRRIX would like to thank Rick for his many contributions to MATRRIX since its formation,” said Thane Russell, Chairman of the Board of Directors. “We wish him well in his future endeavours.”

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