Alange BOD Member Resigns

Alange announced that Mr. Boris Abad-Guerra has tendered his resignation from the Company's board of directors, effective immediately. Mr. Abad-Guerra has resigned for personal reasons.

Mr. Abad-Guerra joined the board of directors in July 2010. While serving as a director of Alange Energy, Mr. Abad-Guerra was a member of the Audit Committee, the Reserves Committee as well as being chair of the Environmental, Health and Safety Committee. Mr. Abad-Guerra was also a member of the Executive Committee of the board of Alange Energy.

The Company thanks Mr. Abad-Guerra for his dedicated service to Alange Energy, its board of directors and its shareholders and we wish him well in his future endeavours. The Company has commenced a search to replace Mr. Abad-Guerra on the board of directors and will announce his replacement in due course.

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