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Petrox Announces Resignation of A Director


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July 05, 2012 09:30 ET

Petrox Announces Resignation of A Director

CALGARY, ALBERTA--(Marketwire - July 5, 2012) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Petrox Capital Corp. (TSX VENTURE:PTC) ("Petrox" or the "Corporation"), announces that Richard W. McIver has resigned from the Corporation's board of directors effective July 4, 2007. Mr. McIver had served as an independent director of the Corporation since its inception in February, 2011.

Mr. McIver's resignation from the board arises as a result of Mr. McIver's election as a Member of the Legislative Assembly of Alberta on April 23, 2012. Mr. McIver was appointed to the position of Minister of Transportation on May 8, 2012. We would like to congratulate Mr. McIver for his appointment and thank him for his support and contributions to Petrox Capital. We wish him the very best of success in his future endeavours.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




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