SOURCE: FormCap, Inc.

February 10, 2011 06:00 ET

FormCap Appoints Graham Douglas President and CEO

RENO, NV--(Marketwire - February 10, 2011) - FORMCAP CORP (PINKSHEETS: FRMC), an emerging oil and gas exploration company, is pleased to announce the appointment of Mr. Graham Douglas President & CEO and Director effective immediately.

The Company has received and accepted the resignation of Mr. Terry R. Fields as President and CEO as well as Director, which was effective as of January 28, 2011.

"The Company wishes to take this opportunity to thank Mr. Fields and acknowledge his contributions in assisting FormCap," stated incoming President and CEO, Mr. Graham Douglas.

FORMCAP is a fully reporting issuer with the shares traded on the "Pink Sheets." FormCap Corp. (PINKSHEETS: FRMC) is an emerging oil and gas exploration company that is primarily focused on the development of its oil and gas properties in the continental United States. It has assembled 5,800 gross acres of oil and gas mineral leases within the Permian Basin at its Weber City Prospect, where it holds a 100% working interest (80% net revenue interest).

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