Quetzal Energy Ltd.
TSX VENTURE : QEI

Quetzal Energy Ltd.

January 04, 2011 09:45 ET

Quetzal Energy Ltd. Announces the Resignation of Mr. Brian Gieni, as President, Effective January 2, 2011 and the Posting of an Updated Corporate Presentation on Its Website

CALGARY, ALBERTA--(Marketwire - Jan. 4, 2011) -  

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Quetzal Energy Ltd. (TSX VENTURE:QEI) ("Quetzal" or the "Company") announces the resignation of Mr. Brian Gieni, as President, effective January 2, 2011.

Mr. Brian Gieni has resigned from the position of President of Quetzal Energy Ltd., effective January 2, 2011 in order to pursue other business interests. Mr. Gieni joined Quetzal as president on January 1, 2010 and provided leadership on several fronts including the two successful financings the Company completed in 2010. Quetzal thanks Mr. Brian Gieni for the excellent work he provided and wishes him the best in his future endeavors.

In an unrelated matter, Quetzal has updated its corporate presentation for January 2011 and has posted the presentation on the Company's website (www.quetzalenergy.com).

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Quetzal, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with oil and gas activities, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither 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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