Resignation Letter of Gene D. Wilson as Director of Hadro Resources, Inc.

Summary

Gene D. Wilson formally confirms his resignation as Director of Hadro Resources, Inc., effective as of March 6, 2001. He cites potential conflicts of interest with Hadro Resources, Inc., Ace USA Corporation, and Newmex Oil Corporation as the reason for his decision. Wilson expresses his intention to continue working with Hadro Resources, Inc. as a geological consultant and hopes for a successful ongoing relationship. The letter is addressed to Grant R. Atkins, President and Director of Hadro Resources, Inc.

EX-10.3 3 0003.txt LETTER Gene D. Wilson Certified Professional Geologist 810 Four Hills Road SE Albuquerque, NM 87123 March 11, 2001 VIA FAX Grant R. Atkins, President and Director Hadro Resources, Inc. 1710 Bayshore Drive, Suite 1704 Vancouver, BC CANADA - V5G 3G1 RE: RESIGNATION AS DIRECTOR OF HADRO RESOURCES, INC. Dear Grant: In regard to my resignation as Director of Hadro Resources, Inc., on Thursday, March 8, 2001, I agreed to the delay of your notifying the SEC of my resignation to enable you to prepare a letter that would do minimal harm to Hadro, and to give me a few days to consider the possibility of my staying on as director. After researching the situation and consulting with my attorney, I feel that it is in my best interest to not be a director of Hadro Resources, Inc. since it could possibly be construed as a conflict of interest by the shareholders of Hadro Resources, Inc. It is also a conflict of interest in regard to Ace USA Corporation and Newmex Oil Corporation. Therefore my letter of resignation, dated March 6, 2001 remains in effect as written. I am a geological consultant and feel that I can best serve Hadro Resources, Inc. in that capacity. It is my hope and belief that together we can make Hadro Resources, Inc. into a very profitable oil and gas producing company and enjoy many years of working together. Very truly yours, /s/ Gene D. Wilson - ------------------ Gene D. Wilson, CPG