Vanoil Energy Ltd.

Vanoil Energy Ltd.

May 24, 2012 17:43 ET

Vanoil Energy Ltd.: Larry Van Hatten Appointed as Director and Chair of Audit Committee

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 24, 2012) - Vanoil Energy Ltd. (TSX VENTURE:VEL) ("Vanoil" or the "Company") has appointed Larry Van Hatten as an independent director of the Company and as Chairman of the audit committee, with immediate effect.

Mr. Van Hatten was a partner of Ernst & Young LLP, from May 2005 to June 2010, leading its Vancouver assurance practice until announcing his retirement in June 2010. Prior to May 2005, he was the managing partner of Ellis Foster, Chartered Accountants, a Vancouver based firm that merged into Ernst & Young LLP in May 2005. From June 2002 to May 2006, Mr. Van Hatten was a director of Saxon Oil Company (TSX VENTURE:SXN), an international oil and gas company engaged in the acquisition, development and production of oil and natural gas reserves. He served on the board of the BC Children's Hospital Foundation, which he chaired from 1996 to 1999 and is currently a director of Kensington Court Ventures Inc. (TSX VENTURE:KCTP), a capital pool company, Undur Tolgoi Minerals Inc. (CNSX:UTM), a mineral exploration company focused on Mongolia and PNG Gold Corporation (TSX VENTURE:PGK), a premier gold exploration and mine development company in Papua New Guinea. Mr. Van Hatten received his Chartered Accountant designation in 1975 and his Fellow Chartered Accountant designation in 2009. In 2010, he completed the academic requirements for the Directors Education Program.

"We are delighted to have Larry on the Vanoil team," stated Mr. James Passin, President and CEO of Vanoil. "He combines superb professional qualifications with broad international resource experience."

About Vanoil Energy Ltd.

Based in Vancouver, Canada, Vanoil is an Africa focused oil and gas company with a comprehensive portfolio of oil and gas assets in Kenya and Rwanda. In Kenya, Blocks 3A and 3B were acquired in October 2007 and a Production Sharing Contract has been signed with the Government of the Republic of Kenya. These Blocks cover 24,912 square kilometers and are part of the under-explored Cretaceous Central African Rift Basin System, an area that may hold the next major sub-Saharan discoveries. Vanoil's 1,631 square kilometers exclusive oil and gas license in the East Kivu Graben in Rwanda is at the southern extension of the Albertine Graben where Heritage and Tullow Oil made their historic discovery in neighboring Uganda.

To find out more about Vanoil, please visit our website at

On behalf of the Board of


James Passin, President and CEO

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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