Shoal Point Energy Ltd. announced the shareholders meeting to be held on 28th June 2013 in Toronto. At that meeting Brian Murray, Director and Chief Financial Officer, and Don Sheldon, Director will not be seeking re-election to the Board. George Langdon, President has also agreed to step aside at that time, but he will continue to provide his invaluable geological expertise to the joint venture and remains a significant shareholder in the company.

It is proposed that the vacancies to the Board will be filled by Mark Jarvis and Eric Schneider. Mark Jarvis was formerly Director responsible for Corporate Finance at Ultra Petroleum, as it developed a significant unconventional gas deposit to the benefit of its shareholders, and is CEO and President of Hard Creek Nickel Corp. Eric Schneider is a Partner in the law firm Miller Thomson LLP of Waterloo, Ontario, and was formerly Vice-President, Secretary and General Counsel with Schneider Corporation.

Immediately following the Annual Meeting Mark Jarvis will be appointed President and CEO of the company. The company believe that these two appointments will add considerable strength and expertise to the Board as the Company moves to the next stage of its development.