Epsilon Energy Ltd.

Epsilon Energy Ltd.

December 01, 2009 10:56 ET

Epsilon Employment Update

CONCORD, ONTARIO--(Marketwire - Dec. 1, 2009) - Epsilon Energy Ltd. ("Epsilon" or the "Company") (TSX:EPS) made the following announcement today.

Mr. David R. Heinz, Vice President Exploration and Chief Operating Officer for Epsilon Energy Ltd. and Epsilon Energy USA has tendered his resignation effective February 28, 2010. Mr. Heinz has served as an officer of Epsilon since late 2005 and has been actively involved in directing the exploration, review, and evaluation of Epsilon's projects and supervising employees and contractors involved in the drilling and production.

Effective immediately, Mr. Daniel J. Ward, will assume Mr. Heinz' responsibilities.

Mr. Ward is an accomplished Senior Geophysicist with 35 years of worldwide exploration experience. He has been with Epsilon since early 2008 in the capacity of International Exploration Manager, reporting directly to the Chief Executive Officer and Executive Chairman and has been involved in all of Epsilon's projects. Most recently, Mr. Ward has been supervising Epsilon's 3-D Seismic data collection of its Marcellus Shale project.

Mr. Zoran Arandjelovic, Executive Chairman of Epsilon, thanked Mr. Heinz for his past service to Epsilon and added "For the past four years David was instrumental in establishing Epsilon's current asset base. He has now decided that the time has come for him to pursue other opportunities."

Epsilon Energy Ltd. is engaged in the exploration and production of natural gas reserves targeting the Marcellus Shale. The company also has participating interests and production sharing agreements in other natural gas and oil plays within North America, the Middle East, and Africa. Established in 2005, the Corporation has been a producer of natural gas and oil since 2006. Epsilon's ongoing business strategy involves focused targeting of lower risk natural gas properties within the Marcellus Shale and other parts of Canada and the United States, as well as the high potential oil & gas properties in the Middle East and Africa. The common shares of Epsilon trade on The Toronto Stock Exchange under the symbol "EPS".

Forward-Looking Statements

Certain statements contained in this news release constitute forward looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", 'may", "will", "project", "should", 'believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements are based on reasonable assumption but no assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this news release should not be unduly relied upon.

Special note for news distribution in the United States

The securities described in the news release have not been registered under the United Stated Securities Act of 1933, as amended, (the "1933 Act") or state securities laws. Any holder of these securities, by purchasing such securities, agrees for the benefit of Epsilon Energy Ltd. (the "Corporation") that such securities may not be offered, sold, or otherwise transferred only (A) to the Corporation or its affiliates; (B) outside the United States in accordance with applicable state laws and either (1) Rule 144(as) under the 1933 Act or (2) Rule 144 under the 1933 Act, if applicable.

Contact Information