Oil Optimization Inc.

Oil Optimization Inc.

June 15, 2015 16:00 ET

Oil Optimization Announces Changes to Its Board

TORONTO, ONTARIO--(Marketwired - June 15, 2015) -


Oil Optimization Inc. (TSX VENTURE:OOI) (the "Company") is pleased to announce the appointment of Mrs. Jo-Anne Archibald to its board of directors. Mrs. Archibald is President of DSA Corporate Services Inc., and has over thirty years of corporate governance, investor relations and marketing experience with Canadian public companies. Mrs. Archibald previously served as a senior vice-president at the TMX Equicom Group Inc. in Toronto and earned an MBA from the Ivey Business School at Western University.

This appointment fills the seat formerly held by Mr. Douglas Fletcher, who was unable to run for re-election. The board is very grateful for Mr. Fletcher's valuable contribution and looks forward to his continued involvement with the Company as an independent advisor on legal and financial matters.

About Oil Optimization Inc.

Oil Optimization Inc. is an international junior oil and gas exploration company based in Canada with an advanced discovery program onshore Thailand. The Company owns a 78% working interest in Block L14-50, a five hundred thousand acre petroleum concession covering the entire northern section of the hydrocarbon-rich Phetchabun basin, which has been subject to a 200-line kilometer 2D seismic program and an extensive magnetic survey. The southern section of the basin, currently producing over 5,000 barrels of oil per day, is being developed by China's ECO Orient Energy Ltd (60%) (a subsidiary of the Hong Kong and China Gas Company Limited), Kazakhstan's Berlanga Group (20%) and Loyz Energy Limited (20%) of Singapore.

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

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward-looking statements and information concerning the expected activities of Oil Optimization. The forward-looking statements and information are based on certain key expectations and assumptions made by Oil Optimization. Although Oil Optimization believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Oil Optimization can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Oil Optimization undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

This news release is intended for distribution in Canada only and is not intended for distribution to the United States newswire services or dissemination in the United States. It does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer or sale of any of the Common Shares in any jurisdiction in which such offer or sale would be unlawful. The Common Shares have not been and will not be registered under the U.S. Securities Act, or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. Person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

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