Horizon Industries Ltd.
TSX VENTURE : HRZ

Horizon Industries Ltd.

April 12, 2006 09:30 ET

Horizon Adds Two Key Advisors to Management and the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 12, 2006) - Horizon Industries Ltd. (TSX VENTURE:HRZ) is pleased to announce the appointment of two new advisors to the Company's management team and board of directors.

Mr. Harry Burnett, Geophysicist, has joined Horizon Industries Ltd.'s management team as advisory geophysicist bringing nearly 40 years of practical technical oil and gas expertise to the Company. Beginning in 1967 and through much of the 1970's, Mr. Burnett acted in the capacity of Geophysicist for two major oil and gas companies. Working for Imperial Oil in Northern British Columbia and Alberta, he later moved on to join Tenneco Oil and Minerals in Calgary, Alberta where he was ultimately promoted to Chief Geophysicist in charge of Canadian operations. In the late 1970's, Mr. Burnett provided geophysicist consulting to the national oil company of Algeria, Sonatrach, based in Algiers, North Africa. Burnett Exploration Consultants Inc. was subsequently formed generating shallow gas plays in Eastern Alberta specializing in seismic amplitude analysis to directly identify gas fields.

Following the downturn in Canadian oil and gas exploration due to the implementation of the National Energy Program, Burnett moved oil and gas operations to South Texas, centered in four counties along the prolific Yegua Trend. The Yegua Trend has produced over 1.25 Trillion Cubic Feet of natural gas. Successful drilling of a number of gas sands wells resulted in the discovery by Mr. Burnett of two gas fields, the Perdido Creek Field in Goliad County, Texas, and the Stockton Field also in Goliad County, Texas. Burnett's drilling in 1987 and 1988 resulted in a success rate of over 90%. Mr. Burnett's lengthy and successful history of exploration along the Yegua Trend in Goliad and surrounding counties has resulted in a reliable understanding of the local geology and invaluable expertise at identifying sound prospects in the region.

Ron Bourgeois brings over 25 years of executive and management experience to the Company. He has held numerous and varying management and public company positions with extensive experience in the development and financing of major oil and gas resources and infrastructure assets around the world. As a Chartered Accountant, he has been engaged in the acquisition, administration and development of oil and gas projects in Texas and Louisiana. This has required extensive due diligence of resource property for acquisitions and mergers. As the founding Chief Financial Officer, Mr. Bourgeois managed and coordinated the merger of two public corporations; Optima Petroleum Corporation and American Explorer LLC to create PetroQuest Energy Inc. which currently trades on the NYSE with a market valuation exceeding US$ 500 million.

Through his lengthy experience in the U.S. oil patch, Mr. Bourgeois has developed a keen understanding of local issues relating to tax and corporate structure as well as state and federal policy. He has taken a hands-on approach to overseeing the exploration and administration of several exploration and development oil and gas properties. To that end, Ron has been instrumental in the financing of various corporate and resource transactions.

Horizon Industries Ltd.'s President, Chris Wensley, states, "We are pleased to have two people with Ron and Harry's stature join our management team. Their contributions will greatly increase the technical and financial expertise of the Company as well as facilitate and qualify our future acquisition and development strategy."

The Company also announces the granting of 420,000 incentive stock options to two advisors, two directors and an investor relations consultant, at an exercise price of $0.30 per unit.

About Horizon Industries Ltd.

Horizon Industries Ltd. is an emerging oil and gas exploration and production company building a high quality asset base in focused areas throughout the United States. The Company is currently developing strategic alliances in high impact oil and gas plays in Western Canada. For more information, please visit www.horizonindustriesltd.com.

On Behalf of the board of directors,

Christopher Wensley, President

WARNING: The Company relies on litigation protection for "forward-looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company.


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

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