Petrolia Inc.

Petrolia Inc.

March 09, 2015 09:00 ET

Petrolia Announces the Appointment of a New Director and Certain Changes within Its Management Team

QUÉBEC CITY, QUÉBEC--(Marketwired - March 9, 2015) - Pétrolia (TSX VENTURE:PEA) announces the appointment of a new board member as well as the restructuring of its management team in order to continue the implementation of its business plan. These decisions will improve resource allocation and help the Corporation to better fulfill its role as operator of the Anticosti project while also pursuing its objectives in the Haldimand and Bourque projects.

The Corporation is pleased to announce the appointment of Mr. Martin Bélanger as a Director of Pétrolia. Mr. Bélanger is currently Director of Oil Pipelines and Commercial Operations Engineering at TransCanada Pipelines. The experience acquired by Mr. Bélanger over the last 24 years in the oil and gas industry will be extremely valuable to the board of directors.

In addition, as major activities will take place on our Haldimand and Anticosti projects in particular, the board of directors has approved certain changes to the team that will plan and implement the next phases of all its projects. To this end: Mr. Mabrouk Ouederni, Eng., P. Geo. has been promoted to Operations Manager and Mr. Jean-Yves Laliberté, Eng., M.Sc., has been appointed Manager of Health, Safety, Environment, and Regulatory Affairs.

Drawing on both his experience and leadership, Mr. Ouederni will be able to guide our technical team through the various phases of our projects. For over 7 years, Mr. Ouederni has been an asset to our organization. Furthermore, as he did last summer, Mr. Ouederni will see to the proper execution of the next stratigraphic test campaign scheduled for summer 2015 on Anticosti Island.

As for Mr. Laliberté, he can rely on his many years of experience within the Ministère des Ressources naturelles to help the organization optimize its health, security and environment practices. His vast knowledge of current laws and regulations will enable him to successfully guide the Corporation through the process of obtaining the permits and authorizations necessary to meet its objectives.

Pétrolia also wishes to announce the departure of Mr. Gildas Collin. The board of directors thanks Mr. Collin for his contributions over the last year.

The new structure of Pétrolia's administrative and technical team will provide the Corporation with more flexibility and efficiency. With these changes, the Corporation will have the means necessary to manage its anticipated growth, pursue its work on Haldimand and Anticosti, and establish a productive partnership for Bourque.

Biographical Notes

Martin Bélanger, P. Eng.

Martin Bélanger completed his bachelor's degree in chemical engineering at the University of Ottawa in 1991. He has worked in the oil and gas industry for the last 24 years. He started as a junior engineer in the field and has progressed through the ranks to his current assignment as a senior manager. He has worked for a variety of both junior and senior companies which includes Talisman Energy, PrimeWest Energy, TAQA NORTH and Laricina Energy; gaining valuable expertise in all aspects of engineering, project management, field operations, maintenance and regulatory compliance. His experience includes upstream oil and gas as well as midstream plant and pipeline operations. Mr. Bélanger also has international experience, having worked in the United Kingdom and the U.S.A. He is currently employed by TransCanada Pipelines Ltd. as Director of Commercial Operations in the Liquids Pipeline business unit, managing the day-to-day operation of the Keystone pipeline. He is an accomplished project manager, and his operational and engineering experience also includes managing the post-merger integration of several companies, and leading optimization efforts to maximize the value of newly acquired properties. Mr. Bélanger is a registered member of the Association of Professional Engineers & Geoscientists of Alberta.

Mabrouk Ouederni, Eng., P. Geo.

Mr. Ouederni is a petroleum engineer with expertise in petrophysics. Since November 2008, his work at Pétrolia has involved assessing and interpreting drilling data as well as coordinating field operations. Over his career, he has held positions such as geological engineer, head of monitoring for exploratory drilling (ETAP), consulting geologist, and operations geologist (MARETAP). Upon arriving in Canada, he worked as a development geologist for Calgary's Calvalley Petroleum. Mr. Ouederni holds a degree in geological engineering (mines) and a specialization in oil and gas exploration and development from the Petrochemical Institute in Baku (Azerbaijan). He is a member of Ordre des géologues du Québec and Ordre des ingénieurs du Québec. His experience on drilling sites and expertise in interpreting logs contributes to Pétrolia's success.

Jean-Yves Laliberté, Eng. M.Sc.

Acting as a technical advisor until just recently, Mr. Laliberté joined the Pétrolia team in October 2012 where he monitors new industry technologies and developments in environmental protection. He has worked for more than 30 years in the oil and gas industry. A geological engineer that graduated from Université Laval in 1975, Mr. Laliberté also holds a M.Sc.. in geology (1983). At the start of his career in 1978, he acquired a solid background in applied geophysics in the oil and gas exploration field and has helped assess the potential of various sedimentary basins in Québec, Western Canada, the Maritimes, and the Hudson Bay. In recent years, he has been responsible for the technical supervision and management of the exploration activities of companies working with the Ministère des Ressources naturelles. His general expertise in oil and gas exploration is a definite asset for Pétrolia.

About Pétrolia

Pétrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km² (4 million acres), which represents almost 23% of the Québec territory under lease. The closing of a partnership on Anticosti Island has led to the creation of Anticosti Hydrocarbons L.P., a limited partnership in which Pétrolia holds a 21.7% interest. In order to carry out the project's operations, Pétrolia Anticosti Inc., a subsidiary of Pétrolia, was designated project operator. Pétrolia is a Québec company whose objective is to develop oil from here, by the people here, for here. Pétrolia has 77,603,196 shares issued and outstanding.

Forward-Looking Statements

Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Pétrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Pétrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Pétrolia does not intend and undertakes no obligation to update these forward-looking statements.

Neither the 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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