Calvalley Petroleum Appoints Key Senior Managers

Edmund M. Shimoon, President & CEO of Calvalley Petroleum has made the following appointments to its leadership team. These new positions will bolster the Company's management as it initiates the development of Block 9 in the Republic of Yemen.

Donald W. Shepherd, BSc, P. Eng. Vice President Engineering and Production
Mr. Shepherd was appointed Vice President Engineering and Production on November 1, 2005. He received his Bachelor of Science Degree in Electrical Engineering from the University of Saskatchewan in 1970 and is a member of APEGGA and SPE. Since that time he has had a varied career including senior engineering and management positions with the Saudi Arabian Oil Company ("Aramco"). Mr. Shepherd worked for Aramco from 1991 to 2005 and consulted with APA Petroleum Engineers until his recent appointment to Calvalley. Mr. Shepherd's experience in Saudi Arabia included senior responsibility for the first installation of electrical submersible pumps in the giant Ghawar oil field. Prior to moving to Saudi Arabia Mr. Shepherd was the President of Newscope Resources Limited for five years and before that held senior positions with Morgan Hydrocarbons and Roxy Petroleum. He started his career with Imperial Oil where he worked in both Canada and Libya (Exxon). Mr. Shepherd will have overall responsibility for the installation of early production facilities and the tying-in of wells at the Hiswah field.

Scott Barron, BSc (Hons) Manager Exploration
Mr. Barron has been a member of Calvalley's geological team for the past four years and is now heading up the Geological and geophysical efforts of the Company. He is a senior geologist with experience in both international and domestic projects. In pursuing the development of Block 9, Mr. Barron brings to the company his Yemen experience with CanOxy, Kappa Energy and Bakrie Minarak Petroleum. Prior to joining Calvalley in 2001 Mr. Barron was Manager Development Geology with Gulfstream Resources (now Anadarko) working on international oil and gas development projects located offshore Qatar, onshore Oman and Madagascar. Prior to Gulfstream, Mr. Barron was senior staff geologist for Canadian Occidental Petroleum (Nexen) in the development of the oil fields of the Masila Block 14.

Cameron W. Dow, B.A., C.A. Chief Financial Officer
Mr. Dow has been appointed acting CFO of the Company effective November 28, 2005. He has been a partner with the accounting firm Daunheimer and Dow LLP for the past thirteen years. Prior to joining Daunheimer and Dow, he was in private practise with Deloitte and Touche LLP and was an account executive with Merrill Lynch Securities. Mr. Dow's clients have included both public and private corporations, many in the oil and gas sector and the scope of his advice to those clients and their boards of directors has included tax, finance and business planning, divestitures and acquisitions and financial presentation. Mr. Dow has focused extensively on tax matters over the past several years and has authored and taught a number of income tax, estate planning and general accounting courses. As Calvalley initiates production from Yemen, expected later this year, Mr. Dow will have overall responsibility for all financial, accounting and administrative matters.

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