Phoenix Canada Oil Company Limited
TSX VENTURE : PCO
OTCBB : PHXCF

August 20, 2015 14:35 ET

Phoenix Canada Oil Change in Senior Officer

TORONTO, ONTARIO--(Marketwired - Aug. 20, 2015) - Phoenix Canada Oil Company Limited (TSX VENTURE:PCO)(OTCBB:PHXCF) today announces the appointment of Dr. Charlotte Moore Hepburn, MD, FRCPC, FAAP to the Board of Directors.

In the seven months preceding the recent death of Mr. S. Donald Moore, the long-time President, Chief Executive Officer and Chairman of Phoenix Canada Oil Company Ltd, Dr. Moore Hepburn had been retained by Mr. Moore to serve as Special Assistant to the President. In that capacity, she had unrestricted access to Mr. Moore and to all aspects of the Company's continuing operations and future directions.

Dr. Moore Hepburn is a graduate of Princeton University, and the Johns Hopkins University School of Medicine. She completed post-graduate studies at Harvard University, and has completed executive and leadership training at Harvard Business School, Harvard Kennedy School of Government and the London Business School. A practicing physician, she has extensive experience in policy, planning and organizational change.

In addition to her role on the Board of Directors, Dr. Moore Hepburn was appointed to the Company's Audit Committee, and will serve as the Company's Interim Chief Executive Officer, pending the appointment of a permanent replacement.

About Phoenix:

Phoenix Canada Oil Company Limited is focused on developing clean energy solutions based on water-derived hydrogen. The Company, through its subsidiary, Phoenix International Energy Inc., holds rights to a patented, proprietary hydrogen gas generation technology. It is engaged in the development of RaHydro Splitter, a molecular machine that mimics photosynthesis by utilizing visible light to dissociate hydrogen from ordinary water; and the research and development of synthetic hydrocarbon fuels made from water-derived hydrogen. The Company is also developing its proprietary catalytic Synfuel technology that captures and converts carbon dioxide, as well as generates an alternative to crude petroleum-refined liquid transportation fuels. In addition, Phoenix Canada Oil Company Limited has minority interests in mature gas fields in western Canada. The Company was incorporated in 1944 and is headquartered in Toronto, Canada.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

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