Valiant Appoints New COO

Valiant announced the appointment of Mr Paul James Mann, 57, as Chief Operating Officer and an Executive Director of the Company with effect from March 1, 2011. Mr. Mann has a mechanical engineering degree from the University of Glamorgan and has spent over 30 years in the international oil industry working for Royal Dutch Shell and its affiliates in Europe, the Middle East and Asia including his most recent role as Vice President Production for Shell E&P Asia Pacific.

There is no further information to be disclosed regarding Paul Mann pursuant to Schedule 2 (g) and Rule 17 of the AIM Rules.

Peter Buchanan, CEO, commented, "We are extremely pleased that Paul has agreed to join Valiant and on behalf of the Board I would like to extend him a warm welcome. We look forward to benefiting from his broad operational experience to help Valiant continue to deliver its full growth potential."