Horizon Industries Ltd.
TSX VENTURE : HRZ

Horizon Industries Ltd.

August 10, 2006 14:24 ET

New Appointment to Horizon's Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 10, 2006) - Horizon Industries Ltd. (TSX VENTURE:HRZ), an emerging oil and gas exploration and development company, is pleased to announce the appointment of Mr. Ron Bourgeois to the Board of Directors. Mr. Bourgeois will also assume the role of Secretary of the Company.

Ron Bourgeois, a Chartered Accountant, 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 resource and infrastructure assets internationally. Mr. Bourgeois has been deeply involved in the acquisition, administration and development of oil and gas projects in Texas and Louisiana where these activities have showcased his rigorous due diligence and negotiation abilities. 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.

His long term experience in the U.S. oil patch has given Mr. Bourgeois a keen understanding of local issues relating to tax and corporate structure as well as state and federal policy. He has played a hands-on role overseeing the exploration, financing and administration of numerous exploration and development oil and gas properties and transactions.

"The Company looks forward working with Mr. Bourgeois and utilizing the "next-level" strength and experience he brings to the management team of Horizon which will help advance the growth and expansion of Horizon Industries. Ron is very well regarded and known for his thoroughness, drive, integrity and knowledge. We are fortunate to have gained his commitment to our success," stated Horizon Industries Ltd.'s President & CEO, Chris Wensley.

The Company also announces that Mr. Jim Pettit has resigned as Director and Secretary to attend to his other numerous interests. The Company wishes to acknowledge Mr. Pettit's valuable contribution and guidance during its development over the past several years. We wish him every success in his other ventures.

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. Recently, the Company has drilled and is currently completing its third gas well on the Funk Prospect in South Texas. 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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