Aspire Capital Inc.
TSX VENTURE : APN

May 30, 2006 18:37 ET

Aspire Capital Inc. Announces Appointment of New Directors

EDMONTON, ALBERTA--(CCNMatthews - May 30, 2006) - ASPIRE CAPITAL INC. (TSX VENTURE:APN)("Aspire"):

(Not for dissemination in the United States of America)

Dr. Horst Schmid, the Chairman of Aspire, is pleased to announce the appointment of Theodore K. Cantlon, FCSI, as President and CEO and Director and John G.F. McLeod, P.Eng., as a Director of Aspire. The Board thanks Mr. Thomas Scheele and Mr. Gin Ting for their valuable assistance and service to the Company. Mr. M. Douglas Walker remains as an independent Director of the Company.

Aspire is currently assembling oil and gas leases in the onshore regions of Louisiana, U.S.A. and has formed a strategic alliance with a senior geoscience team specializing in onshore Louisiana shallow, medium and deep gas and condensate projects.

Louisiana produces 16% of the oil, gas and condensate produced in the U.S.A. and has an extensive infrastructure of pipelines and processing plants.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

Contact Information

  • Aspire Capital Inc.
    Ted K. Cantlon
    Chief Executive Officer
    (403) 390-4911