TUSK Energy Corporation

TUSK Energy Corporation

August 11, 2005 21:44 ET

TUSK Energy Corporation: Murray Smith, Former Minister of Energy, Joins Board of Directors

CALGARY, ALBERTA--(CCNMatthews - Aug. 11, 2005) - TUSK Energy Corporation (TSX:TSK) ("TUSK") is pleased to announce that Murray D. Smith, formerly the Minister of Energy for the Province of Alberta, was elected to the board of directors effective August 10, 2005.

Mr. Smith was appointed in January, 2005 as the official representative of the Province of Alberta in the United States of America. He leads the newly established Alberta office located in the Canadian Embassy in Washington, D.C. Prior to his diplomatic posting, Mr. Smith served for twelve years as a Member of the Legislative Assembly in the Province of Alberta and served as a cabinet minister in four different portfolios - Energy, Gaming, Labour and Economic Development.

As Minister of Energy from 2001 to 2004, Murray was responsible for gaining international recognition of Alberta's 176 million barrels of established oil reserves. During his tenure, annual oil and gas royalty revenues paid to the Province of Alberta rose to over $9 billion. Murray was also responsible for Alberta's electricity sector, guiding the $5 billion market move to competitive wholesale generation. Before his election in1993, Murray was an independent businessman and owned a number of Alberta-based energy and retail companies.

Murray will also serve as a member of the Audit & Reserves Committee of TUSK. The other directors of TUSK are: Earl Hickok, James Lawson, Ian Brown and Norman Holton. Mssrs. Hickok and Lawson are also members of the Audit & Reserves Committee and Mr. Lawson is its chairman. Mr. Brown is President & CEO of TUSK and Mr. Holton is Chairman of TUSK.

TUSK is an exploration company focused on exploration for and development of natural gas and oil reserves in the northwest part of the Western Canadian Sedimentary Basin, primarily in the Peace River Arch and Mega/Venus areas of northwest Alberta.

Forward Looking Statements - Some of the statements contained in this news release are forward-looking statements. Forward-looking statements may include, but are not limited to, statements concerning estimates of recoverable hydrocarbons, expected hydrocarbon prices, expected costs, statements relating to the continued advancement of the Company's projects and other statements which are not historical facts. When used in this document, and in other published information of TUSK, the words such as "could," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are indicative of a forward-looking statement. Although TUSK believes that its expectations reflected in the forward-looking statements are reasonable, the potential results suggested by such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors, which could cause actual results to differ from these forward-looking statements, include the potential that TUSK's projects will experience technical and mechanical problems, geological conditions in the reservoir which may negatively impact levels of oil and gas production and changes in product prices and other risks not anticipated by TUSK or disclosed in TUSK's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Contact Information

  • TUSK Energy Corporation
    Norman W. Holton
    (403) 264-8875
    TUSK Energy Corporation
    Ian T. Brown
    (403) 264-8875