Standard Exploration Ltd. has appointed a new board consisting of Alan R. Breakey, Tom MacKay, Peter Sider and Dale Burstall, who have agreed, subject to regulatory approval, to act as directors of the corporation until the next annual meeting or until a successor has been appointed. The corporation also announced that, effective immediately, Tom MacKay has replaced Ronald Wiebe as President and Chief Executive Officer of the corporation and Dale Burstall has replaced Trevor Wong- Chor as Corporate Secretary of the corporation. In addition, Alan Breakey has been appointed as Vice- President Exploration of the corporation.

All officer appointments are also subject to regulatory approval. Mr. MacKay is the President and co-founder of Penco Oil and Gas Ltd. Mr. Burstall has been a partner at Burstall Winger LLP since 1994. Mr. Burstall has served as a director and officer of several public companies and is currently Corporate Secretary of Karnalyte Resources Inc.