Newton Energy Corporation
TSX VENTURE : NTN

Newton Energy Corporation

January 23, 2012 08:59 ET

Newton Energy Corporation Announces Appointment of Directors

CALGARY, ALBERTA--(Marketwire - Jan. 23, 2012) - Newton Energy Corporation (the "Company" or "Newton") (TSX VENTURE:NTN) announces that, subject to regulatory approval, it has appointed Frank L. Stack to its board of directors. Mr. Stack is President of Belavista Investments Ltd., a private investment company. He has over 30 years experience in finance with Salomon Brothers and Citibank, Vencap and as a partner with Banyan Capital Partners. He has been a director of numerous private and public companies including Mark's Work Wearhouse Ltd., Premium Brands Inc., Fletcher's Fine Foods Ltd., Great Canadian Railtour Company, Prizm Pharmaceuticals, Inc., RaiLink Ltd., Q'Max Solutions Inc. and Tartan Canada Corporation. Mr. Stack has a B. Comm. from the University of Alberta and an MBA from Wharton.

The Company is also pleased to announce that, subject to regulatory approval, it has appointed J. Arthur (Art) Bray to its board of directors. Mr. Bray has over 35 years of financial and senior management experience. He was the Supervisor of Corporate Finance with Alberta Energy Company and the Director of Corporate Finance with Petro Canada. Mr. Bray has also served as Vice President Finance, CFO, CEO and Chairman of the board of various international energy companies. Mr. Bray has worked internationally in Russia, Kazahkstan, Indonesia, Peru, Colombia and Myanmar. Mr. Bray has a B.M. (1970), M.M. (1975) and M.B.A. (1984) from the University of Alberta.

The Company also announces the resignations of Bruce E. Williams and Rick Schmitt as directors of the Corporation. The board of directors of the Company wishes to thank Mssrs. Williams and Schmitt for their support and assistance to the Company and wish them every success in their future endeavours.

About Newton

Newton is an oil and gas company with exploratory targets on its East Midlands licenses in the United Kingdom. Newton maintains offices in Woking, England and Calgary, Alberta.

ADVISORY:

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates", and similar expressions, are forward-looking statements that represents management of Newton's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Newton. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Newton's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Newton's filings with the Canadian securities authorities. Accordingly, holders of Newton's shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Newton disclaims any responsibility to update these forward-looking statements except as required by applicable securities legislation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Newton Energy Corporation
    Steve Engwall
    CEO
    +44 797 122 4675
    steve.engwall@newtonenergy.ca

    Newton Energy Corporation
    200, 638 - 11th Avenue SW
    Calgary, Alberta T2R 0E2