SOURCE: Patriot Energy Corporation

June 04, 2007 16:44 ET

Patriot Energy Appoints New President

CALGARY, AB--(Marketwire - June 4, 2007) - Patriot Energy (PINKSHEETS: PGYC) announced today that it has appointed Fred DaSilva as the new President of Patriot Energy. Fred DaSilva was the president of Sol-Terra till January 2005. Sol-Terra is a private energy company in Alberta created for the purpose of holding the assets of DMT Energy Inc., an oil and gas company with production and land holdings in Canada and the United States.

Mr. DaSilva was president of Maddison Investments from 1994 to 2003, a provider of consulting services in the areas of business planning and development as well as mergers and acquisition. Mr. DaSilva is a key advisor to a number of companies both private and public in many sectors but primarily in the Oil and Gas industry.

"I am very pleased to step into the role of President of Patriot Energy," said Fred DaSilva. "Patriot Energy is becoming a great oil and gas holding company, whereby we expect to bring to the table a number of acquisitions over the next few weeks and months and build Patriot Energy into a strong Canadian and US oil and gas player," further added Mr. DaSilva.

About Patriot Energy:

Patriot Energy is an Oil and Gas holding company located in Calgary Alberta and is publicly traded under the ticker symbol: PGYC.

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact Information

  • Contact:
    Alex Barta
    Investor Relations
    1-514-991-2272