On November 13, 2014, Mr. Donal R. Schmidt, Jr. resigned as the interim Chief Executive Officer and as a member of the Board of Directors of Maxwell Resources, Inc. Mr. Schmidt's resignation was not as a result of any disagreements with the Company's operations, policies or practices. Also on November 13, 2014, the Company's Board of Directors appointed Mr. Mike Edwards to serve as the Company's President, Chief Executive Officer, and as a member of the Company's Board of Directors. Beginning February 2014 and until November 2014, Mr. Edwards held the position of CEO and Managing Member of Colfax Exploration Partners 1, LLC.