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Epsilon Energy Ltd.: Epsilon Energy Ltd. Announces Resignation

^{Published on 2009-05-18 11:34:45, Last Modified on 2009-11-02 12:58:19 - Market Wire}
 

CONCORD, ONTARIO--(Marketwire - May 18, 2009) - Epsilon Energy Ltd. ("Epsilon" or "the Company") (TSX:EPS) announces today the resignation of Fred Zaziski as President and Chief Executive Officer of the Company, as President of Epsilon Energy International Ltd. and Epsilon Energy Yemen Ltd., and as President and a Director of Epsilon Energy Ethiopia Ltd. and Epsilon Energy Oman Ltd., effective immediately, for personal reasons.

Mr. Zaziski has served as an officer of Epsilon since 2007 and was of great assistance to the Company with its efforts internationally. Mr. Zoran Arandjelovic, Executive Chairman of Epsilon, thanked Mr. Zaziski for his past service to the Company saying "Mr. Zaziski provide a wealth of experience to Epsilon and was well respected in his various roles with the Company and its subsidiaries". Mr. Arandjelovic will assume the role of President and CEO of Epsilon on an interim basis until a suitable replacement is chosen by the board of directors.

About Epsilon Energy

Epsilon Energy is engaged in the exploration and production of oil and natural gas reserves in North America, the Middle East, and Africa. Established in 2005, the Company has been a producer of oil and natural gas since 2006. Epsilon's ongoing business strategy involves developing a well-balanced inventory of oil and natural gas projects, including high potential oil & gas properties in the Middle East and Africa coupled with lower risk oil and natural gas properties within Canada and the United States.

Special note for news distribution in the United States

The securities described in the news release have not been registered under the United Stated Securities Act of 1933, as amended, (the "1933 Act") or state securities laws. Any holder of these securities, by purchasing such securities, agrees for the benefit of Epsilon Energy Ltd. (the "Corporation") that such securities may not be offered, sold, or otherwise transferred only (A) to the Corporation or its affiliates; (B) outside the United States in accordance with applicable state laws and either (1) Rule 144(as) under the 1933 Act or (2) Rule 144 under the 1933 Act, if applicable.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.