Loon Energy Corporation announced that Michael Stein has resigned as an officer of the Company for personal reasons and that Timothy Elliott has been appointed as interim Chief Executive Officer. Mr. Elliot, a lawyer by profession, has been a director and Chairman of the Board of Directors of Loon Energy Corporation since October 2008. He was President and Chief Executive Officer of Serinus Energy Inc. from February 2006 to September 1, 2016 and a director of Serinus from April 2001 to September 1, 2016. He has been a director of Jura Energy Corporation since March 2007 and is currently Chairman of the Jura board of directors, chair of its compensation committee and a member of its audit committee.