Artumas Hires New Chief Financial Officer

Artumas Group Inc. has retained Mr. Cameron Barton as its new Chief Financial Officer (CFO) effective February 1, 2007 and on a transitional basis, effective January 1, 2007. Mr. Barton replaces Mr. Martin Eden who leaves Artumas to pursue a new opportunity, having loyally served the Company since 2005.

Mr. Cameron Barton has over 22 years of finance and accounting experience within the energy industry, and has held senior financial executive positions for multinational corporations in Canada and New Zealand. Mr. Barton brings senior experience in both Corporate Strategy and Capital Markets.

From August 2004 to present, Mr. Barton served as Vice President and General Manager and as Vice President of Finance, for Direct Energy Marketing Limited (owned by Centrica plc in the UK), a company with revenues in excess of $2 billion Cdn.

From April 2002 to August 2004, Mr. Barton worked with Alberta's largest transmission owner, AltaLink L.P., in the positions of Vice President and Director of Business Development. Previously, Mr. Barton enjoyed an 18 year tenure with TransAlta Corporation, Canada's largest independent electricity generator. At TransAlta, Mr. Barton served as Director of Financial Operations for their Transmission, Distribution and Retail business and was instrumental in raising capital both in Canada and abroad for the Company.

Mr. Barton's experience and understanding of the energy business has been recognized by governments in Canada and New Zealand who have sought his advice in policy decisions throughout his career.

In accepting the CFO position, Mr. Barton commented on the future prospects of Artumas: "I am pleased to see the investment ambitions of the company being delivered, through the efforts of so many, to the people of Tanzania. As our first power facility begins commercial production, it will be both a challenge and a pleasure to continue delivering the considerable investment opportunity available to this region and to our investors."

President and CEO, Steve Mason expresses his deepest appreciation, on behalf of all at Artumas Group, to Mr. Martin Eden for his dedicated commitment and significant contributions to the growth and success of the Company.


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