September 22, 2005 17:44 ET

Colonia Announces Management Addition, Joint Venture

CALGARY, ALBERTA--(CCNMatthews - Sept. 22, 2005) -

(Not for dissemination in the United States of America)

COLONIA CORPORATION (NEX:CRP.H) (the "Corporation") is pleased to announce effective immediately, the appointment of George P. Bowley, P. Geol as Executive Vice President and Chief Operating Officer of the Corporation. Mr. Bowley brings to the Corporation over 28 years of oil and gas experience, both in Western Canada and internationally and will remain a Director of the Corporation.

Mr. Bowley holds a Bachelor of Science degree in geology from the University of Alberta and began his career as a geologist with PanCanadian Petroleum in 1977 and thereafter worked at the technical and senior technical level for several intermediate and junior sized companies which included Canadian Superior Oils Ltd, General American Oils Limited, Geocrude Energy Inc. and Canada Northwest Energy Limited. From September 1998 to August 2005, Mr. Bowley was the Senior Vice President, Exploration and Development of International Sovereign Energy Corp. From April 1997 to September 1998 he was the Vice President, Exploration of Monterey Energy Corp. and prior to that he was Manager, Exploration of Cube Energy Corp. from April 1995 to April 1997.

The Corporation also announces that it has executed a joint venture agreement with Yangarra Resources Inc. whereby each of the companies will offer to the other a 25% working interest right of participation in any newly developed exploitation or exploration prospects developed by either party in western Canada for a twelve month period. The joint venture will allow both companies to mitigate risk and gain exposure to an increased number of prospects without increasing their costs.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Colonia Corporation
    Donald G. Campbell
    (403) 540-2003
    Colonia Corporation
    George P. Bowley
    (403) 540-2113