Gold Point Energy Corp.

Gold Point Energy Corp.

February 25, 2008 19:37 ET

GP Energy Announces New Board Appointments

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2008) - Gold Point Energy (TSX VENTURE:GPE)(WKN:A0HGQ1) ("the Company") is pleased to announce the appointment of two new senior executives to its Board of Directors. We welcome Mr. Anthony (Tony) Harvey and Mr. Peter Carpenter to the Board. Their experience and connections will allow GPE to expand its presence in the international financial community.

Mr. Tony Harvey has been appointed Chairman of the Board of Directors. He brings to the company an extensive background of success with resource companies. His directorships include Terra Energy Corporation and Oremex Resources, Inc. His work history includes thirty years in senior management positions with Wright Engineers Limited/Fluor Daniels. Mr. Harvey has considerable first hand experience interfacing with governments, financial institutions, and media around the world.

Mr. Peter Carpenter is a senior partner and director of the financial advisory firm Claridge House Partners, Inc. and the Chairman of the Board of Enterra Energy Corporation. Mr. Carpenter has broad experience in the areas of investment banking and management consulting specializing in the oil and gas sector.

Making room for our new additions, Mr. Joseph Grosso, Mr. Sean Hurd, and Mr. Hernan Celorrio of the Grosso Group have tendered their resignations.

Ms. Helen Tuttle, who has served with the company for two years, has been promoted to Vice President of Administration and Corporate Secretary. She has 20 years of experience in management positions within the transportation, manufacturing, software, and oil & gas industries. Ms. Tuttle brings to GPE a broad spectrum of administrative and accounting skills. Mr. Harvey Lim has also resigned as director and Corporate Secretary.

Mr. Jack Steinhauser, President & CEO would like to thank the Grosso Group and the departing directors for their leadership in building Gold Point's presence in South America. With the addition of Mr. Harvey and Mr. Carpenter, Gold Point is now ready to begin an aggressive agenda of oil & gas exploration, acquisitions, and mergers.

Going forward, the Board consists of the following members: Tony Harvey, Chairman; Jack Steinhauser, President & CEO; Nick DeMare, Director & CFO; Peter Carpenter, Director; Clive Stockdale, Director; and Andrew Carter, Director.


Jack S. Steinhauser, President & CEO

Certain statements contained in this press release may be considered as "forward looking". Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

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

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