COF.H Coventree

NEX Symbol: COF.H TORONTO, Dec. 16, 2011 /CNW/ - Coventree Inc. (NEX: COF.H) ("Coventree" or the "Company") announced today the resignation of Brendan Calder as a director of Coventree. "Brendan's leadership and advice has been invaluable since he joined Coventree's board in 2005," said Geoffrey Cornish, Chief Executive Officer of Coventree.  "His guidance was instrumental in the development of Coventree and in helping the Company to navigate through the turbulence of recent years.  On behalf of the Board and everyone at Coventree, both past and present, I want to thank Brendan for his contributions to Coventree over the past six years." "With Coventree on the path to winding up, my task is over and the time is right for me to move on," said Mr. Calder.  "The remaining Board members are more than able to carry on this winding up process.  I have taken on other responsibilities that require more of my time, and this step will allow me to do that.  I enjoyed being at Coventree and wish all those associated with the Company the best." This press release is intended for distribution in Canada only. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Coventree Inc. CONTACT: Craig Armitage, The Equicom Group Inc.Tel: (416) 815-0700 x278Email: carmitage@equicomgroup.com-or-Ani Hotoyan-Joly, Coventree Inc.Tel: (416) 572-2721Email: ani@coventree.ca

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