PetroWorth Resources Inc.

PetroWorth Resources Inc.

November 03, 2006 17:00 ET

PetroWorth Appoints Interim President

CALGARY, ALBERTA--(CCNMatthews - Nov. 3, 2006) - PetroWorth Resources Inc. announced today the appointment of Neal Mednick as interim president of the company. Mr. Mednick will be responsible for overseeing PetroWorth's day-to-day operations and working with the company's Executive Search Committee to find a full-time chief executive.

Neal Mednick has been a director of PetroWorth since September, 2004. A graduate of the University of Toronto, he has held a variety of senior positions in the oil & gas and chemical industries and has successfully operated his own consulting business.

"We're pleased that Neal has agreed to take on this role," said Jim Trainor, Chairman of PetroWorth. "He brings an intelligent, pragmatic and determined approach to business, which is precisely what our company needs."

Mr. Mednick added, "With exploration and development rights to some of the most strategic properties onshore eastern Canada, PetroWorth is in a position to do great things. My job is to make sure we do them."

PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration drilling programs on these permitted properties, both in-house and through advantageous farm-in arrangements.

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