Opal Energy Corp.

Opal Energy Corp.

March 28, 2008 08:30 ET

Opal Announces Addition of Investor Relations Manager

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 28, 2008) -


Opal Energy Corp (the "Company") (TSX VENTURE:OPA) announced that Mr. Blake Harvey has joined the Company as manager, Investor Relations. The first full-time professional the Company has employed in that role, Mr. Harvey brings substantial experience to his new assignment.

Commenting on the recent hire, Opal CEO and Director, Barry Williamson, said, "We are committed to providing our shareholders with accurate and timely information on developments at Opal. In order to best serve the needs of that key audience, we have added a dedicated investor relations manager to our staff. We are pleased to welcome Mr. Harvey to Opal in that capacity. We look forward to benefitting from his experience, as Opal works to develop the potential value of its exciting prospects in South Texas."

Prior to joining the Company, Mr. Harvey worked at the Greater Houston Partnership, a nonprofit organization that traces its roots to Houston's original Chamber of Commerce. As the principal staff liaison to the Partnership's energy sector committees, his responsibilities there included major energy conferences. Mr. Harvey's previous communications experience includes tenures at CITGO Petroleum Corporation and Hart Energy Publishing. He also held various marketing and sales positions in the financial services industry, with AIM Management and Merrill Lynch.

Mr. Harvey holds a bachelor of arts in English from Georgetown University and a master's in international affairs from Texas A&M University's George Bush School of Government and Public Service, where he studied on fellowship.

The Company also reports that grants have been made pursuant to its Stock Option Plan to purchase an aggregate of 290,000 shares subject to regulatory approval. The holders of the options may purchase their allocated number of common shares of Opal at $0.39 per share on or before March 28, 2013. The options are subject to a vesting schedule and any shares acquired pursuant to the option agreements may not be sold within four months of granting.

Opal Energy Corp

Opal Energy Corp, through its U.S. subsidiary Opal Energy Inc., offers an aggressive, disciplined and results-oriented vehicle to invest in the U.S. Exploration and Production "E&P" sector with a particular focus on natural gas exploration prospects in South Texas. The business strategy is to build asset value through drilling, growing a production platform upon which will be superimposed some potential high value exploration opportunities. Drilling inventory will be continuously enhanced by the implementation of a series of proprietary 3-D seismic shoots.

On behalf of the Board of Directors

Opal Energy Corp

Ronald E. Oligney, Chairman of the Board

Barry Williamson, CEO and Director

This release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, production activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, production and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Opal does not assume a duty to update these forward-looking statements. For more information on the Company, Investors should review the Company's filings that are available at www.sedar.com.

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

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