Milagro Energy Inc.

Milagro Energy Inc.

June 11, 2007 16:06 ET

Milagro Energy Inc.: Appointment of Chief Financial Officer

CALGARY, ALBERTA--(Marketwire - June 11, 2007) - Milagro Energy Inc. (TSX:MIG) ("Milagro" or the "Company") is pleased to announce the appointment of Travis Doupe as Vice President, Finance and Chief Financial Officer effective June 11, 2007. Mr. Doupe has over 12 years of oil and gas corporate finance experience, primarily with publicly traded companies, most recently at Sherritt International Corporation. He will assume responsibility for Milagro's accounting, financial reporting and analysis and will be involved in internal controls functions and public disclosure oversight. Mr. Doupe is a Chartered Accountant and Certified Public Accountant and holds a B. Comm. from the University of Calgary.

The Company's former Vice President, Finance and Chief Financial Officer, Mr. Brad Haack, is no longer with the Company effective as of June 11, 2007.

Milagro is an emerging exploration and production company engaged in the acquisition, exploration, development and production of oil and natural gas reserves in western Canada. Milagro is listed for trading on the Toronto Stock Exchange.

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