Desmarais Energy Corporation

August 15, 2008 16:27 ET

Desmarais Announces Appointment of CFO and Grant of Options

CALGARY, ALBERTA--(Marketwire - Aug. 15, 2008) - Desmarais Energy Corporation (TSX VENTURE:DES) ("Desmarais" or the "Company") is pleased to announce that Mr. Wayne Singular (CMA, MBA) has been appointed as the Company's Chief Financial Officer. Mr. Singular previously served in this capacity for the Company up until July, 2007.

In addition, the Company's Board of Directors has approved the granting of 1,155,550 stock options to directors, officers and consultants of the Company. The options were issued at an exercise price of $0.16 per share, have a three year term and shall vest immediately.


Certain statements regarding Desmarais include management's assessments of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Desmarais' control. These risks may cause actual financial and operating results, performance, levels of activity and achievements to differ materially from those expressed in, or implied by, such forward-looking statements.

Such factors include, but are not limited to: the impact of general economic conditions in Canada and the United States; industry conditions including changes in laws and regulations including adoption of new environmental laws and regulations, and changes in how they are interpreted and enforced; competition; the lack of availability of qualified personnel; fluctuations in commodity prices; the results of exploration and development drilling and related activities; imprecision in reserve estimates; the production and growth potential of Desmarais' various assets; fluctuations in foreign exchange or interest rates; the ability to access sufficient capital from internal and external sources; and obtaining required approvals of regulatory authorities.

Accordingly, Desmarais gives no assurance nor makes any representations or warranty that the expectations conveyed by the forward-looking statements will prove to be correct and actual results may differ materially from those anticipated in the forward looking statements. Desmarais undertakes no obligation to publicly update or revise any forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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