Arsenal Energy Inc.
TSX : AEI
FRANKFURT : A1E

Arsenal Energy Inc.

July 16, 2007 09:00 ET

Arsenal Announces Changes to Board of Directors

CALGARY, ALBERTA--(Marketwire - July 16, 2007) -

NOT FOR DISSEMINATION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Arsenal Energy Inc. (TSX:AEI) (FRANKFURT:A1E) announces that the following directors were relected at the Annual and Special Meeting of Shareholders held on July 13, 2007 in Calgary: Michael S. Vandale, Curtis R. Stewart, R. Neil Mackay, and William Hews.

Arsenal Energy Inc is pleased to announce Kerry Lyons, P. Eng, currently President of Greenfield Resources Ltd., a private oil and gas exploration company, has agreed to become a director . Mr Lyons has in excess of 25 years experience in the oil and gas business, notably as COO of Cimarron Petroleum Ltd (TSE) from 1996 to 1997, President, CEO and director of Richland Petroleum Corporation (TSE) from 1999 to 2001, President, CEO and director of Terraquest Energy Corporation from 2002 to 2004, and director of it's successor Masters Energy Inc. from 2004 to the present. Arsenal Energy Inc. welcomes Mr Lyon's experience and knowledge.

Arsenal Energy Inc. wishes to thank Greggory Belzberg, Errol Stewart and Alain Gaucher for their past involvement as directors of Arsenal Energy Inc.

Despite not continuing forward as directors, each individual has made timely contributions in the past during the formative stages and growth of Arsenal.

Arsenal is an aggressive junior oil and gas company engaged in the exploration, devlopment, and production of oil and natural gas in western Canada, North Dakota, U.S.A. and Egypt. Arsenal's common shares trade on the Toronto Stock Exchange under the symbol "AEI" and on the Frankfurt Exchange under the symbol "A1E"

Certain statements in this material may be "forward looking statements" including outlook on oil and natural gas prices, estimates of future production, estimated completion dates of acquisitions and construction and development projects, business plans for drilling and exploration, estimated time and amount of capital expenditures and anticipated future debt levels and royalty rates. Information concerning reserve contained in this material may also be deemed forward looking statements as such statements involve the implied assessment the resources can be profitably produced in the future. These statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause the actual results to differ from those anticiapted from Arsenal.

Contact Information

  • Arsenal Energy Inc.
    Michael Vandale
    Chairman
    Toll free: 1-800-405-4854
    or
    Arsenal Energy Inc.
    1800, 505 3rd Street SW
    Calgary, Alberta T2P 3E6
    Toll free: 1-800-405-4854
    (403) 265-6877 (FAX)
    Email: info@arsenalenergy.com