Peat Resources Limited
TSX VENTURE : PET

Peat Resources Limited

February 19, 2007 13:11 ET

Peat Resources Limited: Robert Wright Appointment as Director

TORONTO, ONTARIO--(CCNMatthews - Feb. 19, 2007) -

Peat Resources Limited (TSX VENTURE:PET) is pleased to announce the appointment, subject to the approval of the TSX Venture Exchange, of Robert T. Wright as a director of the Company.

Mr. Wright brings to the board of Peat Resources Limited a wealth of experience in the North American energy sector. He has detailed knowledge of the needs and opportunities within this sector. As the former Managing Director of the North American Utilities and Power Group of TD Securities Inc., he was involved in major corporate and financial developments in the utility industry. Mr. Wright also served previously with Merrill Lynch Canada Inc. and Peat Marwick. He is a Chartered Accountant and holds a Bachelor of Mathematics degree from the University of Waterloo.

Peat Resources Limited was formed to explore, develop, produce and market peat fuel. Rising energy prices, increased sensitivity to environmental issues, and the Ontario government's energy policies, including a commitment to eliminate the burning of coal for power generation, have enhanced opportunities for the use of peat fuel in electricity generating stations and other facilities that require economically competitive, environmentally favourable, and consistent quality energy supplies.

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

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