Opal Energy Corp.

Opal Energy Corp.

October 31, 2011 15:00 ET

Opal Energy Announces Appointment of New President and Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2011) - Opal Energy Corp. (the "Company") (TSX VENTURE:OPA) announces that it has appointed Mr. Jamie Newall as President, Chief Executive Officer and a director of the Company. Mr. Newall is Investments Director of Intrepid Financial, regarded as a leading incubator of natural resource companies. Mr. Newall currently sits on the board of Suparna Gold Corp., American Bonanza Gold Corp. and EShippers Management Ltd. Previously, Mr. Newall was on the board of Skana Capital Corp. (until its recent merger with MENA Hydrocarbons). From 2007 to 2009, Mr. Newall was a founding director of GPN Capital a FSA authorised fund advisor specialising in junior resource companies. Before 2007, Mr. Newall was a board director of BPL Global. Mr. Newall is a graduate of Cambridge University and holds a Masters Degree in Law.

Opal Energy Corp.

Opal Energy Corp. is an independent oil and gas exploration and production company based in Vancouver, B.C.

On behalf of the Board of Directors

Opal Energy Corp.

David Hughes, CFO 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 events or developments that Opal expects are forward-looking statements. Although Opal 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. 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 Opal, Investors should review Opal's filings that are available at www.sedar.com.

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.

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