PetroWorth Resources Inc.
CNQ : PTWR
FRANKFURT : T3F

PetroWorth Resources Inc.

January 16, 2008 09:08 ET

PetroWorth Appoints Alan Graham to Board of Directors

CALGARY, ALBERTA--(Marketwire - Jan. 16, 2008) - PetroWorth Resources Inc. (CNQ:PTWR) (FRANKFURT:T3F) announced today the appointment of Alan Graham to the company's board of directors.

Mr. Graham served more than 31 years in public office until his retirement from politics in 1998. He was first elected as a Member of the New Brunswick Legislative Assembly in 1967 and served as the MLA for the riding of Kent, New Brunswick until his retirement in 1998. Mr. Graham was Minister of Agriculture from 1987-1991 and Minister of Natural Resources and Energy from 1991 - 1998. In 1997 he was named Deputy Premier while maintaining his portfolio as Natural Resources and Energy Minister until his retirement.

Mr. Graham now serves on various boards and is the Honorary President of the Atlantic Canada Woodworking Centre of Excellence.

PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration programs on these permits, both internally generated and through advantageous farm-in arrangements.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. The Corporation has adopted the standard of 6 Mcf:1 BOE when converting natural gas to BOE. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 BOE is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Contact Information