Pacific Rubiales Appoints New Director

Pacific Rubiales Energy Corp. that Neil Woodyer has been appointed to the board of the company, replacing Gordon Keep. Mr. Woodyer's appointment remains subject to regulatory approval.

Mr. Woodyer is the founder and CEO of Endeavour Financial and is responsible for managing financial advisory mandates and investment related services. His experience in natural resource marketing and finance spans thirty years, including Chief Executive Officer positions with Lloyds International Trading, a subsidiary of Lloyds Bank, specializing in project and trade finance and commodity trading and Amalgamet's group of New York and Latin American based metal trading and mining finance companies. Mr. Woodyer is a director or has been a director of numerous public companies, including Coalcorp Mining Inc. and Medoro Resources Ltd. He is a Fellow of the Institute of Chartered Accountants in England and Wales.

Mr. Woodyer played an integral role in the organization and development of the company and has signed a consultancy agreement to continue to provide support and guidance to the company as requested. The company and its board thanks Mr. Keep for his service and commitment to the company and its shareholders.

The company also announced that Dr. Sally Eyre, the Senior Vice President, Corporate Development will be leaving the company on February 29, 2008 to join Endeavour Financial as Director, Marketing and Business Development. The company wishes Sally well in her new position.


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