TSO3 Inc. announced the appointment of Mr. Claude Michaud and Mr. Jean Lamarre to the Board of Directors, following the departures of long standing members Dr. André de Villers and Dr. Jacques Marcotte. Claude Michaud is an experienced finance executive and investment banker. He has a 15-year career in investment banking with Scotia Capital and TD Securities, and has been Chief Financial Officer of C-MAC Industries, Neurochem, Kangaroo Media and Groupe Lagassé.

Mr. Michaud brings to the Board his expertise in corporate finance, mergers and acquisitions and corporate development. He is member of the Board of Directors of Milit-Air and the Fondation du Théatre du Nouveau-Monde. Mr. Michaud is a member of the Order of Engineers of Quebec.

Jean Lamarre has more than 35 years of experience in international business development, finance, and corporate strategy. He is President of Lamarre Consultants. Mr. Lamarre has been the Executive Chairman of the Board of Semafo Inc. since June 2008.

He has been a Director of Semafo Inc. since May 1997 and served as its Lead Director from February 2004 to June 2008. Mr. Lamarre is also the Chairman of the Board of Tele-Québec and Le Devoir. He serves as a Director of Centre québécois de valorisation des biotechnologies, Klox Technologies, Mispro Biotech Services, Argos Therapeutics and other private or non-profit organizations.