Endev Energy Inc.
TSX : ENE

Endev Energy Inc.

March 10, 2008 17:42 ET

Endev Energy Inc. Announces Resignation of Chairman

CALGARY, ALBERTA--(Marketwire - March 10, 2008) - Cameron MacGillivray, President and CEO of Endev Energy Inc. (TSX:ENE), announced today that John F. Driscoll, Chairman of the Board at Endev, has resigned from the Company's Board of Directors.

Mr. Driscoll was the founder of Endev Energy and has held the position of Chairman since the Company became an oil and gas company in 2002. Under Mr. Driscoll's guidance, Endev has grown to become one of the larger junior oil and gas companies, with a diversified portfolio of low, medium and higher risk oil and gas operations.

"John has been instrumental in leading our company to its current success," commented Mr. MacGillivray. "We are sad to see him leave but wish him great success in his many other business endeavors."

Mr. Jeffery Errico, who has been a director of Endev since 2002, has been appointed Chairman. A professional engineer with more than 30 years of experience in the oil and gas industry, Mr. Errico has extensive knowledge of reservoir and operations engineering. Mr. Errico is the Executive Chairman of Insignia Energy, a private energy company, and was formerly President and CEO of Petrofund Energy Trust.

"Along with his strong industry background, Jeff brings a strategic focus which will be instrumental as Endev pursues new opportunities in its growth," said Mr. MacGillivray.

"Jeff Errico is a very capable and knowledgeable oil and gas executive. He has a proven track record of success in the industry. One of his most notable achievements as President and CEO was building Petrofund into one of the largest and most successful oil and gas royalty trusts in Canada," said Mr. Driscoll.

Endev's Annual General Meeting of Shareholders is scheduled for May 14, 2008.

Endev is a technically driven oil and natural gas exploration, development and production company based in Calgary, Alberta. The Company's shares trade on the Toronto Stock Exchange under the symbol ENE.

The Toronto Stock Exchange has neither approved nor disapproved of the contents of this release.

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