Mira Resources Corp.

Mira Resources Corp.

August 26, 2010 12:17 ET

Mira Resources Appoints New Director and President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 26, 2010) - Mira Resources Corp. (TSX VENTURE:MRP.H) (the "Company") is very pleased to announce the appointment of Thomas Cavanagh as President and Director.

Mr. Cavanagh has over 30 years of experience in the petroleum industry including exploration and development expertise in basins around the world. He received a Bachelor of Science degree in Geology from Northeastern University in 1978 and went on to study at Louisiana State University for a Master's of Science in Geology. Mr. Cavanagh's professional career started as a Geophysicist with Exxon in 1981, working in the USA, in 1988 he was transferred to Esso Production Malaysia, in 1991, to P.T. Stanvac Indonesia, returning to the USA in 1994 as a Senior Exploration Geophysicist in Exxon Corporation Far East Business Unit, and then transferred to Exxon's Deep Water Gulf of Mexico Business Unit. In 1996 Mr. Cavanagh joined Saudi Aramco as a Senior Geologic Advisor to work both the deep stratigraphic potential of the Kingdom of Saudi Arabia as well as the conventional oils plays. In 1998 Mr. Cavanagh joined the United Meridian Company as an Exploration Geophysist in their Asia Middle East Group where through subsequent mergers with Ocean Energy and Seagull was promoted to the Chief Geophysicist and Vice President of New Business Development. During this time Ocean Energy became one of the most successful International Independents acquiring new blocks in Yemen, Syria, Egypt, Nigeria, Equatorial Guinea, Angola, and Brazil. Mr. Cavanagh left Ocean Energy in 2003, formed CSB Petroleum and has consulted worldwide with major oil companies, independent oil companies and national oil companies, further developing his technical and new business development skills and contacts throughout the world. Mr. Cavanagh's work has identified, successfully drilled and developed over 750 million barrels of oil and more than 5 TCF of gas worldwide. He is currently a member of the American Association of Petroleum Geologists, Society of Petroleum Engineers and Society of Exploration Geophysics. Mr. Cavanagh lives in Geneva Switzerland, has been married for over 30 years and has two children who live in the USA.

Mira's current President and CEO Johnathan More will remain CEO of the company. He states, "We are very pleased to have Thomas join our Board and begin his new role as President of Mira Resources. He brings a deep understanding of both the technical and commercial sides of the international oil and gas exploration and production business. His strong technical and commercial background built by over 30 years of working with Major, Independent and National Oil Companies worldwide, makes him ideal to lead Mira from a Venture Company into an active Exploration and Producing Company. Thomas has a proven track record in the identification and acquisition of new opportunities with numerous world class exploration successes in Southeast Asia, Middle East, Africa and the US. We look forward to his contribution as the President and as a Board Member of Mira Resources while we implement our strategy to grow Mira Resources into a successful Exploration and Producing company over the next 18 months."

Mira Resources Corp. trades on the NEX Exchange and is currently looking for its qualifying transaction.

On behalf of the Board of Directors,

Johnathan More, CEO

Neither the 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.

Contact Information

  • Mira Resources Corp.
    Johnathan More
    (604) 687-7742
    (604) 681-0796 (FAX)