Canadian Phoenix Resources Corp.
TSX VENTURE : CPH

Canadian Phoenix Resources Corp.

June 03, 2009 23:23 ET

Canadian Phoenix Appoints New Chief Financial Officer

CALGARY, ALBERTA--(Marketwire - June 3, 2009) -

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

CANADIAN PHOENIX RESOURCES CORP. (TSX VENTURE:CPH) ("Canadian Phoenix" or the "Company") is pleased to announce that Ms. Adeline Martin of Calgary, Alberta has replaced Mr. Douglas Bailey as the Chief Financial Officer of Canadian Phoenix on an interim basis.

Ms. Martin joined Canadian Phoenix in February 2008 as the Restructuring Controller, and is now the Manager of Corporate Communications and Compliance. She has spent much of her career in increasing roles of responsibility from Controller to Chief Financial Officer at publicly-traded junior oil and gas companies: Pinnacle Resources Ltd., Avid Oil & Gas Ltd., Storm Energy Ltd., Rock Energy Inc., Cheyenne Energy Inc., and most recently Action Energy Inc. She obtained her Chartered Accountant designation in 1997 and is a member of the Institute of Chartered Accountants of Alberta as well as the Canadian Institute of Chartered Accountants. Ms. Martin graduated from the University of Saskatchewan with a Bachelor of Commerce degree.

The Board of Canadian Phoenix wishes to thank Mr. Bailey for his dedication and service to the Company over the past two years.

About Canadian Phoenix Resources Corp.

Canadian Phoenix is a publicly-traded junior oil and gas exploration, development and production company with operations in Western Canada. Canadian Phoenix is pursuing a corporate strategy of being a consolidator of oil and gas assets located in the Western Canadian Sedimentary Basin. Strategic corporate acquisitions promote partnerships for the future development of acquired or targeted oil and gas assets. Canadian Phoenix's shares trade on the TSX Venture Exchange under the symbol "CPH".

FORWARD-LOOKING STATEMENTS: Certain information set forth in this document may be considered forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties' control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. The Company disclaims any intention or obligation to update or review any forward-looking statements, whether as a result of new information, future events or otherwise.

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

  • Canadian Phoenix Resources Corp.
    Robert Chenery
    Interim President and Chief Executive Officer
    (403) 920-0040
    (403) 920-0043 (FAX)