Milagro Energy Inc.

Milagro Energy Inc.

October 27, 2006 18:12 ET

Milagro Energy Inc.: Change of Directors

CALGARY, ALBERTA--(CCNMatthews - Oct. 27, 2006) - Milagro Energy Inc. ("Milagro" or the "Company") (TSX:MIG) announces that Mr. William Darling, Mr. William Guinan and Mr. Robert Pritchard have resigned as directors of the Company and that Mr. Guinan has resigned as Corporate Secretary of the Company. The directors and management of the Company wish to thank Mr. Darling, Mr. Guinan and Mr. Pritchard for their contributions to the Company over the past years.

Concurrently, the Company is pleased to announce that Mr. Peter Graham and Mr. John Land have been appointed as directors of Milagro.

Mr. Graham brings to Milagro a wealth of experience from his exploration career. Mr. Graham has held a number of senior exploration positions with mid to junior sized exploration and production companies. Currently Mr. Graham holds a senior frontier exploration position at a mid size exploration and production company.

Mr. Land also brings extensive oil and gas related business experience. Mr. Land has held a number of V.P. Land positions at junior exploration companies. Currently Mr. Land is a director of Watch Resources Ltd., a TSX Venture Exchange listed company and also is the COO and a director of Northern Sun Exploration Company Inc. which is also listed on the TSX Venture Exchange.

Milagro is an exploration and production company engaged in the acquisition, exploration, development and production of oil and natural gas reserves in western Canada.

Contact Information

  • Milagro Energy Inc.
    Jeffrey Rekunyk
    (403) 693-4006
    Milagro Energy Inc.
    Brad Haack
    (403) 693-4007