Wenzel Downhole Tools Appoints New CFO

Mr. Dooley holds a degree in Engineering from the University of Alberta and an MBA from the Ivey School at the University of Western Ontario. With over 30 years in senior management roles in the Canadian Oil and Gas Industry and with a Canadian Chartered Bank in Canada and New York, Mr. Dooley brings valuable business experience in corporate finance, general management, strategic business planning and development, corporate and international banking.

Harvie Andre, President of the Company said,

"We are fortunate to have a person with a vast background in corporate finance and great accounting experience and credentials to help the coming move forward at this critical time".

Mr. Scott Hamilton's position as the Company's Chief Financial Officer of the Company terminated effective February 28, 2005.