Emerson Takes Helm of First Calgary Board

First Calgary Petroleums Ltd. announced the appointment of a new Non-Executive Chairman, Mr. Harry. Garfield (Gar) Emerson, Q.C, to the Company's Board, effective immediately. Mr. Charles Pitman, the current Chairman, will step down as a member of the Board due to personal family reasons.

"On behalf of the Board of Directors, I would like to thank Chuck Pitman for his dedication to First Calgary. Everyone on the First Calgary team wishes Chuck well during this difficult time for him and his family," said Richard Anderson, President and CEO of First Calgary Petroleums Ltd.

Mr. Emerson, aged 67, has extensive strategic advisory experience, including in investment banking, securities and corporate law and corporate finance. He is a corporate director and the Principal of Emerson Advisory, an independent business and financial advisory company providing insight to organizations on mergers and acquisitions, corporate finance, governance, restructurings and strategy. He is a member of the board of directors of CAE Inc., Canadian Tire Corporation Ltd., Sentry Select Capital Corp. and Wittington Investments, Ltd., and is the immediate past Chairman of Rogers Communications Inc.

Mr. Emerson is a certified director of the Institute of Corporate Directors and a member of the Directors in Residence faculty of The Directors College sponsored by the DeGroote School of Business (McMaster University) and the Conference Board of Canada.

From 2001 to 2006, Mr Emerson was National Chair of Fasken Martineau DuMoulin LLP, a national Canadian law firm with overseas offices, where he continues to be a partner.

From 1990 to 2001, Mr. Emerson was the President and Chief Executive Officer of NM Rothschild & Sons Canada Limited, an investment banking firm affiliated with NM Rothschild & Sons Limited, London, England. While with NM Rothschild Canada, Mr. Emerson provided investment banking and financial advisory services in the areas of mergers and acquisitions, corporate finance, restructurings, and privatizations.

Prior to 1990, Mr. Emerson was a senior partner of the Toronto law firm, Davies, Ward & Beck, engaged in securities and corporate law and mergers and acquisitions.

Mr. Emerson has frequently participated as a panelist and speaker and has published numerous papers and articles on governance, securities and corporate law, mergers and acquisitions and corporate finance.

"I am very pleased to have been appointed Chairman of the Board of First Calgary at such an important stage in the Company's development. The Company, and its experienced management team, has an impressive history of exploration and financing success. I look forward to playing a significant role in advising and supporting the Company as First Calgary moves forward with its production and growth strategy to increase shareholder value," said Gar Emerson, Chairman of the Board, First Calgary Petroleums Ltd.


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