Enterprise Oil Limited

Enterprise Oil Limited

April 25, 2007 13:00 ET

Enterprise Oil Limited Announces the Proposed Addition of Nick DeMare to the Board

ST. ALBERT, ALBERTA--(CCNMatthews - April 25, 2007) - Enterprise Oil Limited (the "Corporation") (TSX VENTURE:EON) is pleased to announce that the Board of Directors of the Corporation intends to propose the nomination of Mr. Nick DeMare, C.A. for election as an additional director of the Corporation at the annual and special meeting of shareholders to be held at 10:00 a.m. on April 26, 2007 at Lynx Ridge Golf Club, 8 Lynx Ridge Blvd. NW, Calgary, Alberta.

Mr. DeMare holds a Bachelor of Commerce degree from the University of British Columbia and is a member in good standing of the Institute of Chartered Accountants of British Columbia. Since May 1991, Mr. DeMare has been the President of Chase Management Ltd., a private company which provides a broad range of administrative, management and financial services to private and public companies engaged in mineral exploration and development, gold and silver production, oil and gas exploration and production and venture capital. Mr. DeMare currently serves as an officer and/or director of several public companies listed on the TSX, AMEX and the TSX-V.

Enterprise Oil Limited is an energy services company operating in the pipeline
construction industry. The Company's focus is small to medium diameter pipeline construction primarily on steel gathering systems up to 12" in diameter. The Company's strategy is to acquire small to mid-size pipeline
construction and complementary service companies in central and northern Alberta, consolidating capital, management and human resources to support continued growth.

Forward Looking Statements

This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • Enterprise Oil Limited
    Leonard D. Jaroszuk
    President & CEO
    (780) 418-4400 or Toll Free: 1-888-303-3361
    (780) 418-1941 (FAX)
    Enterprise Oil Limited
    Desmond O'Kell
    Vice President, Corp. Development
    (780) 418-4400 or Toll Free: 1-888-303-3361
    (780) 418-1941 (FAX)
    Email: contact@EnterpriseOil.ca
    Website: www.EnterpriseOil.ca