Brownstone Ventures Inc.
TSX VENTURE : BWN

Brownstone Ventures Inc.

December 01, 2009 09:00 ET

Brownstone Ventures Inc. Appointment of New Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2009) - Brownstone Ventures Inc. (TSX VENTURE:BWN) is pleased to announce the appointment of Mr. Gerry Feldman C.A. as Chief Financial Officer of Brownstone, effective today. Until joining the Company, Mr. Feldman was a partner of Schwartz Levitsky Feldman LLP, Chartered Accountants, a firm which provides a full range of professional services including but not limited to auditing and accounting, corporate and personal tax planning, management advisory services and business investigations. Mr. Feldman specialized in audits of brokerage houses, public companies, Investment Councilor and Limited Market Dealers, Mutual Fund Dealers and Mutual Funds. Mr. Feldman also served and continues to serve as a director of other public and private companies.The appointment of Mr. Feldman remains subject to TSX Venture Exchange approval.

Along with his appointment, pursuant to Brownstone's stock option plan and subject to TSX Venture Exchange approval, the Board has approved the grant of 200,000 stock options, exercisable at $0.75 per share for a term of up to five years. The options shall vest quarterly over a period of 18 months.

Brownstone also wishes to extend its appreciation and thanks to Mr. Goldberg, the outgoing Chief Financial Officer of Brownstone.

About Brownstone – Brownstone Ventures Inc. is a Canadian-based, energy focused investment company with equity interests and direct interests in oil and gas exploration projects, including working interests in almost 300,000 acres in the Piceance/Uinta Basins of Colorado and Utah; 295km2 in the Assam/Arakan Basin, Northeast India; 253,000 acres in Rio Negro, Argentina; interests in several projects in Brazil; a 50% interest in approximately 160,000 hectares in the Quėbec Lowlands; a 15% participating interest in two off-shore Israel oil and gas blocks; and is earning interests (14-35%) in 3 Colombian blocks in the Llanos basin. For additional information, please see Brownstone's website: www.brownstoneventures.com.

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.

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