Aztec Oil & Gas Expands Board

Aztec Oil & Gas has added two members to its Board of Directors, Kirk N. Blackim and Mark Vance. These appointments bring the total number of directors to three. Mr. Vance is an independent director and he will serve as Chairperson of the Audit Committee.

Dr. Kenneth E. Lehrer, a current director and Chief Financial Officer of Aztec Oil & Gas, Inc. said, "We are very pleased that Mr. Blackim and Mr. Vance have agreed to join Aztec's Board of Directors. Mr. Blackim's and Mr. Vance's extensive backgrounds in the oil and gas industry will be a major asset to the Board and to Aztec as we continue to grow our diverse portfolio of working interests in oil and gas wells throughout the United States. Mr. Vance, the Board's first independent director, has a wealth of finance and management expertise and we believe he will be an invaluable counsel."

Mr. Blackim was appointed President of Aztec Oil & Gas in September 2005. He is experienced in many aspects of oil & gas exploration, production, development and transportation, including legal and accounting support plus extensive management experience. Previously, Blackim spent several years as Senior Vice President with Koch Producer Services, a subsidiary of Koch Industries, and TCW Asset Management as part of teams closing mezzanine debt and risk management transactions with a total value in excess of $350 million. Earlier, Blackim also spent more than eight years with Kansas Pipeline Operating Company in various capacities including COO, CFO, and Senior Vice President where he was involved in numerous acquisitions and asset construction projects that included financing transactions in excess of $400 million. Blackim is also a principal with Matrix Energy Capital Associates, a consulting firm with emphasis on capital development for small-and mid-sized exploration, production and transportation companies.

Mr. Vance is Chief Financial Officer of G1SG, a company that offers business consulting, infrastructure services, business applications and development, customer relationship management, project management, and business process outsourcing including IT managed services. Mr. Vance has extensive experience as a financial analyst, controller and tax manager with various companies within the energy industry including Mitchell Energy, Quintana Petroleum, and Texaco. He also has extensive experience across all areas of finance including raising capital through private and public offerings, financial and strategic planning and organizational restructuring. Previously, Mr. Vance was the senior executive in charge of strategic alliances at Worksafe, Inc. and YCO Services. Most recently, he developed Worksafe's strategic plan and led the mezzanine fund raise with private equity groups in the U.S. Vance spent several years as Vice President of business development and CFO for Control Network System Inc., a $17 million privately held, fully integrated company that developed international voice over data networks between the U.S. and Asia and that was acquired by Total Axcess Inc. in December 2001. He was a founder and served as Senior Vice President and CFO for Telescape International Inc., a NASDAQ company that provided competitive communications services in Eastern Europe and Latin America. He also served as director of finance and CFO of a subsidiary at Wiltel Corporation.

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