Tidewater Renewables Announces Direct, Officer Resignations


   
   OAKHURST, N.J. (DTN) --- Tidewater Renewables Ltd. announced today that John 
Adams has resigned as director of the corporation due to potential future 
conflicts of interest he identified.

   The corporation also reported that as of May 16, Raymond Kwan will no longer 
be the chief financial officer. Effective May 16, Ian Quartly will be appointed 
as new CFO.

   Quartly is currently vice president of accounting and finance at Tidewater 
Midstream and Infrastructure Ltd. and will continue to also serve in that role.

   Jeffrey Hamilton, an independent director and chair of the Audit Committee, 
has been appointed the lead independent director of the corporation.

   Baines, the chairman and CEO of the corporation, has been appointed as a 
member of the corporation's Audit Committee amid an exemption clause allowing a 
non-independent board member to be a member of a public company's audit 
committee following the resignation of an independent audit committee member.




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