Greenfields Petroleum Corporation announced that after approximately nine years as founding members of Greenfields, Richard E. MacDougal and Alex T. Warmath are retiring from the board of directors of the company. Mr. MacDougal and Mr. Warmath have agreed to continue to advise the company in a consulting role with the company. The board of directors of the company has appointed two new members to fill the vacancies, Geir Sagemo and David Fransen, both affiliated with the parent company of Greenfields' senior lender and major shareholder, Vitol Energy (Bermuda) Ltd. Mr. Sagemo is a member of the finance and investment group at Vitol Group. Mr. Fransen has served as the Managing Director of Vitol SA Geneva since 2002 and is a member of the board of directors of Vitol Group.