Mirage Energy Ltd.
TSX VENTURE : MGE
PINK SHEETS : MRGYF

Mirage Energy Ltd.

April 11, 2007 12:07 ET

Mirage Energy Announces Director and Officer Appointments

CALGARY, ALBERTA--(CCNMatthews - April 11, 2007) - Mirage Energy Ltd. (TSX VENTURE:MGE) (PINK SHEETS:MRGYF) ("Mirage" or the "Company") is pleased to announce appointment of Quentin Enns as Director and Brian Stainthorpe as Vice President, Operations for the Company.

Mr. Enns has over 20 years of experience in the oil and gas industry. Recently he spent six years with Canadian Natural Resources Limited - where he was responsible for the generation and supervision of over a 1,000 prospects in Southern Alberta and North Eastern British Columbia. Prior to joining CNRL, Mr. Enns was the founder and president of Find Oil & Gas Ltd. - a private oil and gas company responsible for prospect generation in Central Alberta and Western Saskatchewan. Mr. Enns is currently the Vice-President, Exploration for Sahara Energy Ltd.. Mr. Enns graduated from the University of Regina with a B.Sc. in Geology (1985). He is an active member of APEGGA, AAPG and the CSPG.

Mr. Stainthorpe has over 21 years of oil and gas experience and is presently consulting as a completions and operations specialist. Mr. Stainthorpe was a consultant for Marathon Canada from 1997 - 2003 where he conducted field operations between northern British Columbia and western Saskatchewan. He was involved with deep directional wells, sour operations, gas and oil stimulations, heavy oil production in both cold operations and SAGD wells. Prior to joining Marathon, Mr. Stainthorpe worked as a completion consultant for Pan Canadian from 1995 to 1997 in the Elk Point, Provost, Ponoka, and Brooks areas. Prior to 1995, Mr. Stainthorpe worked as a service rig manager for Armadillo Well Service and Beta Well Service where he conducted operations throughout British Columbia, Alberta, and Saskatchewan. Pursuant to Mr. Stainthorpe's appointment, the Company has issued 250,000 stock options to Mr. Stainthorpe at an exercise price of $0.40 which options are for a term of 5 years with vesting provisions.

The Company also wishes to announce the cancellation of 350,000 previously granted stock options.

Mirage Energy Ltd. also wishes to announce that Richard Boswell has resigned as Vice President, Land and Business Development to pursue other business opportunities. We would like to thank Mr. Boswell for his expertise and contributions he has made to the Company. Mr. Boswell will remain as a Director of the Company.

Mirage is a junior oil and gas company focused on the exploration and development of oil and gas in western Canada.

READER ADVISORY

Statements in this press release may contain forward-looking statements including expectations with respect to future events and the actions of third parties. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: the underlying risks of the oil and gas industry (i.e. operational risks in development, exploration and production; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserves estimates; the uncertainty of estimates and projections relating to production, costs and expenses, adequate available financing and health, safety and environmental factors), commodity price and exchange rate fluctuation and uncertainties.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Mirage Energy Ltd.
    Rene LaPrade
    President and CEO
    (403) 232-1359
    Email: rene@mirage-energy.ca
    or
    Mirage Energy Ltd.
    Peter J. Boswell
    Chairman
    (403) 232-1359
    Email: petebos@telusplanet.net
    or
    Mirage Energy Ltd.
    800, 510 - 5th Street S.W.
    Calgary, Alberta T2P 3S2