United Reef Limited

United Reef Limited

June 02, 2005 09:41 ET

United Reef Appoints Vice President, Oil & Gas

TORONTO, ONTARIO--(CCNMatthews - June 2, 2005) - United Reef Limited (TSX VENTURE:URP)(CNQ:URPL) is pleased to announce the appointment of Mr. Paul A. MacKay, B.Sc., Ph.D., to the position of Vice President, Oil & Gas. Mr. MacKay will form part of the Company's management team and will direct United Reef's participation in our Central African Republic (CAR) oil & gas project.

Paul has extensive experience in the oil & gas industry through his involvement with a number of companies during his 25-year career within the industry. He has wide-ranging experience as a geologist, geophysicist and gained managerial experience with companies such as Amoco Canada Petroleum Co. Ltd., Morrison Petroleums Ltd., Northstar Energy and K2 Energy Corp.

Mr. MacKay has operated his own consulting business based in Calgary since 1999. He has provided a range of technical and strategic advice to numerous clients in the oil & gas industry, with emphasis on structurally complex basins within Canada and internationally, including Africa. He has acted as liaison with governments, in public consultation processes and with joint venture partners on behalf of his clients. He holds the designation of Professional Geologist and Professional Geophysicist as granted by the Association of Petroleum Engineers, Geologists and Geophysicists of Alberta (APEGGA) and is a member of a number of other professional associations.

Paul has been the independent technical reviewer to United Reef on the CAR project since July 2002 and is the author of a NI 51-101 report on the project released by the Company in January 2005. His technical knowledge and interest in United Reef's CAR oil & gas project combined with his industry experience bring substantial value to the Company and its management team.

The Board of Directors welcomes Paul's addition to the management team and believes his appointment enhances the Company's objective of actively participating in the oil & gas sector.

United Reef has the right to earn a 25% interest in a 55,504 km2 oil & gas exploration permit and related operating agreement in the CAR from RSM Production Corporation ("RSM"). RSM is a private Denver-based oil & gas exploration and production company. Planning for a 2,000 km 2D-seismic program with an expected commencement in October of this year has begun.

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