Dominion Equity Resource Fund Inc.
TSX : DOMEQRES

April 19, 2007 17:00 ET

Dominion Equity Resource Fund Inc. Announces Resignation and Appointment of Directors

CALGARY, ALBERTA--(CCNMatthews - April 19, 2007) - Dominion Equity Resource Fund Inc. (TSX:DOMEQRES) ("Dominion Equity" or the "Corporation") announced today that due to other commitments, Messrs. Henry G. van der Sloot and Stephen H. Lockwood have resigned from the Board of Directors of Dominion Equity effective April 17, 2007. In conjunction with the resignations of Messrs. van der Sloot and Lockwood Dominion Equity is pleased to announce that Messrs. Walter M. Hall and Hugh Osler have been appointed to the Board of Directors of the Corporation. Both Messrs. Hall and Osler have been appointed to the Corporation's Independent Review Committee and Mr. Hall has been appointed to the Corporation's Audit Committee.

Mr. Hall's financial market experience includes 42 years in the financial industry, both as a creator of financial products and as an advisor/manager. Mr. Osler's career has spanned 40 years in the investment business, including 30 years as a senior partner and investment advisor with a Calgary based investment dealer specializing in the Canadian energy sector.

Dominion Equity is fortunate to attract individuals of Messrs. Hall and Osler's character, reputation and expertise to its Board of Directors, which is now comprised of William D. Bonner, Walter M. Hall, Paul D. Wright, Dean G. Prodan and Hugh Osler.

Based in Calgary, Alberta, the center of Canada's oil and gas industry, Dominion Equity is a public mutual fund with investments in the equity of Canadian companies involved in the exploration, development, marketing and production of oil and natural gas and related service companies.

Contact Information