Standard Exploration Ltd. announced that effective July 29, 2013, David V. Richards has agreed, subject to regulatory approval, to act as a director of the corporation until the next annual meeting or until a successor has been appointed. Mr. Richards is a past partner of both PricewaterhouseCoopers and Arthur Andersen and Co. In his capacity as a senior partner with both PricewaterhouseCoopers and Andersen, David had responsibility for major accounts such as Unocal Canada, Texaco Canada, Methanex Corporation, Acetex Corporation and Maersk.

David has served as a director of numerous companies including Boardwalk REIT, Alliance Atlantis Movie Distribution Income Fund, Parkbridge Lifestyle Communities Inc., InternetSecure Inc., Forte Resources Inc., Valiant Energy Inc., Bear Ridge Resources Inc., and Canada Fluorspar Inc. David has chaired Audit Committees, Compensation Committees, numerous Special Committees and has served as Board Chair and Lead Director. He currently serves as a director of Madison PetroGas Ltd. and Wilmington Capital Management Inc. David is a Past President of the Alberta Chamber of Commerce and a past Vice President of the Calgary Chamber of Commerce and over the years has served numerous community-minded charitable organizations.