First Calgary Makes Management Appointments

First Calgary Petroleums Ltd. (FCP) reported the appointments of Mr. David Savage to Chief Financial Officer and Mr. Jeffrey P. Angel to Vice President, Corporate Communications and Investor Relations. Mr. James Munro Wright has also joined the Company as Algeria, Co-Director General and Mr. Claude Courtemanche as Vice President, Country Manager, Algeria.

Savage has been serving as the interim Director of Corporate Finance for FCP since August 2007. Mr. Savage has more than 30 years of international banking experience with significant expertise in project finance and other structured finance and advisory work, particularly in relation to the oil and gas industry. From 1996 to 2004, Mr. Savage was Executive Vice President and Global Head of Corporate Finance at Commerzbank AG where he was responsible for a spectrum of product groups including: leveraged finance, special industries/project finance, loan syndication, structured tax products, equity capital markets, and private equity investing (bank capital). Prior to joining Commerzbank, Mr. Savage served as Director and Deputy Head of Structured Finance at Deutsche Bank AG from 1992 to 1996 and also held corporate finance oriented positions at Goldman Sachs and JP Morgan. After leaving Commerzbank, and before joining FCP, Mr. Savage served in various consulting roles providing corporate advice to a range of young companies in regard to strategy and capital raising. Mr. Savage holds an MBA from the Graduate School of Business, Harvard University.

Prior to joining FCP, Mr. Angel was the President of GCI Canada, a multi-national marketing and communications firm, based in New York. Clients of GCI included Shell Canada, the Canadian Energy Pipeline Association, Dell and Mattel. From 2000 to 2004, Mr. Angel was the Senior Vice President of Communications for British Airways and was responsible for the overall brand image and corporate positioning of the airline in the Americas. Mr. Angel also served as the Director of Corporate Communications for Canadian Airlines for five years and implemented an extensive communications program targeting the company's international span. Mr. Angel was also an advisor to two Federal Cabinet Ministers and the Canadian Prime Minister. Mr. Angel holds a Bachelor of Arts degree in political science from the University of Western Ontario, Canada.

Mr. Wright is Co-Director General for the Sonatrach - FCP association, which will develop the MLE field in Algeria. Along with his Sonatrach counterpart, they will jointly report to a management committee formed by representatives of both partners. He will be responsible for the in- and out-of-country management and execution of bringing the Company's gas plant, the first of its kind in the Berkine region, on-stream in 2010. Mr. Wright has more than 20 years of senior level experience in large scale drilling operations, Front End Engineering and Design (FEED) and project execution, and has a strong understanding of legislation and international codes and conduct. From 2005 to 2008, Mr. Wright served various senior roles for major international Engineering, Procurement and Construction (EPC) and PMC contractors, including, managing Iraqi oil and gas infrastructure redevelopment; managing and developing FEED and EPC works in Saudi Arabia; and overseeing in excess of 60 million total construction hours. He holds an honours degree in chemical engineering from Heriot Watt University in Edinburgh, Scotland.

Mr. Courtemanche has significant experience operating in Algeria as the Director of PSL Algeria, a subsidiary he established in 2005. As FCP's Algeria Country Manager, he is the primary focal point of communication between FCP and Sonatrach, the Company's Algerian partner and will represent the interests of FCP generally in Algeria. Mr. Courtemanche has 37 years of international business experience and was previously a Canadian Trade Commissioner, the President of MTC Canada and personally managed over $700 million of international EPC contracts, including business development, commercial and financial negotiations, operation supervision, and strategic alliances with larger international firms. He holds an MBA from McGill University, Canada and attended graduate studies in international economy & finance, at the University of Minnesota.


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