Cougar Oil and Gas Canada Inc.
OTC Bulletin Board : COUGF

March 04, 2011 17:01 ET

Cougar Oil and Gas Canada Inc. Announces Appointment of CFO

CALGARY, ALBERTA--(Marketwire - March 4, 2011) - Cougar Oil and Gas Canada Inc. ("Cougar" or the "Corporation") (OTCBB:COUGF) is pleased to announce the appointment of Richard Carmichael as Chief Financial Officer. Richard Carmichael will also retain the role of VP Finance.

Richard is a Chartered Accountant who has held senior financial positions within the oil and gas exploration and production, and oil and gas service industries over the past 20 years. He is an experienced financial manager with publicly traded companies using Canadian GAAP and U.S. GAAP and has had responsibilities covering corporate accounting and financial reporting, treasury and financial analysis, budgeting and planning, and acquisitions and corporate financing. Most recently, Richard was the CFO of Steen River Oil & Gas Ltd. from 2007 to 2010.

On March 4, 2010, Mr. David Wilson resigned as Chief Financial Officer of Cougar Oil and Gas, Canada ("Cougar") due to health reasons. Mr. Wilson did not resign as the result of any disagreement with Cougar on any matter relating to the Cougar's operations, policies, or practices. Mr. Wilson will continue to consult to the Cougar management team on a limited basis in a Business Development role. We wish to thank Dave for all the support since joining the Cougar team and look forward to an ongoing relationship and future prospects that Dave may bring forward. We sincerely wish him well in all future endeavours.

With the change of year end for Cougar Oil and Gas Canada, Inc. to December 31, we are working to file our 20 –F financials ahead of the required schedule and tentatively by end of March.

About Cougar Oil and Gas Canada Inc.:

Cougar Oil and Gas Canada Inc. (COUGF:BB) is based in Calgary, Alberta, Canada and a publicly traded oil and gas exploration and production company. The focus is on the exploration and development of Canadian based onshore oil and gas properties. The current projects are the Trout light oil production area in north central Alberta, Lucy in the Horn River Basin in northeast British Columbia and First Nation Joint Venture and area projects located in north central Alberta.

Additional information is at http://www.cougaroilandgascanadainc.com or http://www.cougarenergyinc.com.

Forward-looking Statements: This press release contains forward-looking statements. The words or phrases "would be," "will" "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," or similar expressions are intended to identify "forward-looking statements". The Company's business is subject to various other risks and uncertainties, which may be described in its corporate filings (www.sec.gov) or (SEDAR in Canada). Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Cougar Oil and Gas Canada Inc. undertakes no obligation to update or publicly revise forward looking statements or information unless so required by applicable securities laws.

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