Canoro Resources Ltd.

Canoro Resources Ltd.

July 25, 2005 06:58 ET

Canoro Management and Board Announcements

CALGARY, ALBERTA--(CCNMatthews - July 25, 2005) - Effective immediately, Geoff Carrington has, for personal reasons, resigned as Executive Vice-President of Canoro Resources Ltd. (TSX VENTURE:CNS). The Company is presently interviewing candidates and expects to announce Geoff Carrington's successor shortly.

Until a successor is identified, Jeff Clarke will act as a technical advisor to Canoro. Jeff is being nominated for election as a director at Canoro's upcoming Annual General and Special Meeting to be held on September 13, 2005.

Jeff Clarke has over 35 years experience in oil and gas exploration and production operations world-wide. With an honours degree in physics, he entered the oil and gas industry as a geophysicist, and has held increasingly senior technical and executive positions. Jeff is currently the managing director and chief executive officer of Carpenter Pacific Resources Limited, an Australian public company listed on the Australian stock exchange. Carpenter Pacific Resources is a start-up company with operations in Texas and Utah.

Jeff has been involved with successful international exploration programs with Deminex Oil and Gas, The Burmah Oil Company, The Superior Oil Company; and numerous others as a consultant in North Africa, the Middle East, West Africa, the Far East, Australia, and the UK and Norwegian North Sea.

Jeff, in conjunction with external technical consultants, has independently reviewed Canoro's exploration and development projects and is encouraged about Canoro's future based on these high-quality assets.

Canoro is a Canadian-based international oil and gas company operating a development and an exploration block in the prolific Assam/Arakan basin of northeast India. The Company is testing and rehabilitating production from the suspended Amguri oil and gas field where it is the operator and has a 60% working interest. Canoro started drilling its first exploration well on the AA-ON/7 exploration block where it is the operator and has a 65% working interest. Common shares of Canoro trade on the TSX Venture Exchange under the symbol 'CNS'.

Certain statements contained in this news release may be considered as "forward looking". Such statements are generally identifiable by the terminology used, such as "intend", "plan", "expect", "estimate", "budget", "outlook", "initiate" or other similar words. Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.

Contact Information