M45 Mining Resources Inc. announced the appointment of Mr. Jocelyn Lepine, P.Eng as President and CEO of the company effective on 10th November, 2008. Mr. Lepine brings a wealth of experience that will be critical for the success of the company and its new objectives. Mr. Andrea Cortellazzi to step down as President and CEO.

On October 23, the Commission filed a civil complaint against M45 Mining Resources Inc. (M45) and Eden Miller, a California and Nevada-based stock promoter. According to the complaint, M45 violated the registration provisions of the federal securities laws, and Miller violated the registration and anti-touting provisions of the federal securities laws. M45 and Miller have agreed to settle the charges against them, without admitting or denying the Commission's allegations. In its complaint, the Commission alleges the following: M45 files periodic reports with the Commission, and in 2007, its common stock traded on the Over the Counter Bulletin Board. In April 2007, M45 entered into a consulting agreement with I-Vest Global Corporation LLC (I-Vest), a now inactive Nevada limited liability company. Miller operated I-Vest and signed the consulting agreement on its behalf. Under the consulting agreement, I-Vest agreed to promote M45's stock and, in return, M45 agreed to issue one million 'free trading shares' to I-Vest. On or about April 5, 2007, M45 filed a Form S-8 registration statement with the Commission which, among other things, attempted to register the offer and sale of one million shares to I-Vest. The Commission alleges that M45 violated Sections 5(a) and 5(c) of the Securities Act of 1933 (Securities Act), and Miller violated Sections 5(a), 5(c), and 17(b) of the Securities Act.

On 08/14/2008, M45 Mining Resources Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.