Point North Energy Ltd.

Point North Energy Ltd.

April 06, 2006 18:08 ET

Point North Announces Appointment of Chief Financial Officer

CALGARY, ALBERTA--(CCNMatthews - April 6, 2006) - Point North Energy Ltd. (TSX:PNY) ("Point North") is pleased to announce the appointment of Doug Grabham as Vice President, Finance and Chief Financial Officer.

Mr. Grabham has almost 20 years of experience in increasingly senior financial roles, including, most recently as Chief Financial Officer at Kelso Energy Inc., another junior Calgary-based oil and gas company which was acquired earlier in 2006. Mr. Grabham has also held various positions with Wood's Homes, D.L. Grabham and Associates, CanWest Gas Supply, and Amoco Canada. His diverse background and skill set make Mr. Grabham a valued addition to the Point North management team.

Subject to receipt of all necessary regulatory approvals, Mr. Grabham will replace Point North's outgoing Chief Financial Officer, Terry Lindquist, effective April 3, 2006. Mr. Lindquist's contract with Point North expired on March 31, 2006. Mr. Lindquist will continue to consult to Point North as necessary regarding Point North's tax position following the reorganization and asset sale conducted by Point North's under its prior name, Purcell Energy Ltd.

About Point North

Point North is a northern-focused junior oil and gas exploration and development company with assets in Fort Liard, N.W.T., northeast B.C., and northwest Alberta, and is the successor company to Purcell Energy Ltd. following a corporate reorganization completed on November 2, 2005.

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