Daylight Energy Ltd.

Daylight Energy Ltd.

April 11, 2011 07:00 ET

Daylight Energy Announces Appointment of Chief Operating Officer

CALGARY, ALBERTA--(Marketwire - April 11, 2011) - Daylight Energy Ltd. ("Daylight") (TSX:DAY) today announced the appointment of Stacy Knull as Vice President & Chief Operating Officer. Effective April 11, 2011, Mr. Knull assumes leadership of Daylight's oil and gas operations, including engineering, exploitation and production activities.

Mr. Knull has over 20 years of experience in the energy industry focused primarily on unconventional resource play growth from a grassroots conceptual stage through to full scale asset development. This includes all facets of oil & gas operations with specialized experience in field optimization, technology implementation and full cycle development of a variety of oil and natural gas resource plays. Most recently and since 2004 Mr. Knull was Vice President, Clearwater Business Unit & Canadian Conventional Exploration and Joint Ventures for Encana Corporation with overall responsibility for the activities of this business unit. From 2002 through 2004, Mr. Knull served as Vice President, Fort Nelson Business Unit and previously held multiple roles of increasing responsibility within Encana Corporation. Mr. Knull holds a Bachelor of Science degree in Petroleum Engineering from the University of Wyoming, College of Engineering and is a Professional Engineer with membership in the Association of Professional Engineers, Geologists, and Geophysicists of Alberta.

"I am extremely pleased to welcome Stacy to Daylight," said Anthony Lambert, Daylight's President & Chief Executive Officer. "Stacy is a great addition to our team and will assist us in optimizing our current operations and executing on our extensive inventory of internal growth opportunities. Under Stacy's leadership, Daylight's operations, engineering, exploitation and production activities will be highly focused on our goal of maximizing the efficient and effective development of our internal resource play growth opportunities for the benefit of our shareholders."

Daylight is a growing intermediate oil and natural gas producing company with a high quality suite of resource play assets in Western Canada. Our highly focused team utilizes our technical expertise in exploitation, development, and acquisitions to create long-term value for our shareholders. Our team has developed a multi-year inventory of repeatable, low risk exploitation resource play projects with substantial potential reserve additions on assets we currently own and control in the premier Pembina Cardium light oil fairway and in the premier Deep Basin area of Alberta and British Columbia.

Daylight has approximately 212 million common shares outstanding which trade on the TSX under the symbol DAY. Daylight Series C and D convertible debentures trade on the TSX under the symbols DAY.DB.C and DAY.DB.D, respectively.

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