Calvalley Petroleum Adds to Management Team

Calvalley Petroleum has made the following appointments to its management team in Calgary:

Mr. Bill Cummins, Chief Financial Officer - Mr. Cummins is a Chartered Accountant with over 20 years of experience. His international background has spanned 10 years, including 7 years as the senior financial executive of an international joint venture, which grew to over 75,000 barrels of production per day. For the past 6 years, Mr. Cummins was the Vice President, Corporate Finance and Director of an independently owned brokerage firm. During this period, he focused on raising capital for public and private companies, primarily in the oil and gas sector. Mr. Cummins also provided advisory services, which assisted in the evaluation and acquisition of petroleum exploration permits in various countries. His professional career began with a major international accounting firm where he received his CA designation and progressed to senior manager of the oil and gas audit department. Mr. Cameron Dow, who has been the acting Chief Financial Officer for Calvalley since November, 2005, will continue to provide financial services to the Company going forward.

Mr. Grant Harms, Vice President of Engineering and Operations - Mr. Harms has 26 years of experience in the oil and gas industry. His domestic experience includes a wide range of engineering, operations, management and business development experience in gas, conventional oil and heavy oil. Most recently Mr. Harms co-founded and acted as the Chief Operating Officer and Vice President of Production for Los Altares Resources Ltd., a private company that grew from a start-up to 500 barrels of oil equivalent per day in western Canada prior to its merger with Compass Petroleum. Mr. Harms also brings over seven years of international experience in Indonesia, Russia and Kazakhstan to Calvalley, where he held roles involving both technical and executive management responsibilities. Mr. Harms has a Bachelor of Science degree in Mechanical Engineering from the University of Waterloo.

Mr. Terry McCoy, Vice President of Exploration - Mr. McCoy, a University of Calgary graduate (Bachelor of Science, Geology), brings over 37 years of senior oil and gas executive experience to Calvalley. Mr. McCoy has held the position of Vice President of Exploration and Land at Murphy Oil Company as well as Vice President of Exploration and Land at Poco Petroleums Ltd. and Burlington Resources Canada Ltd. Mr. McCoy also held the title of President of Burlington Resources Canada Ltd. Prior to 1990, Mr. McCoy held executive positions at Columbia Gas Development of Canada Ltd., Conwest Exploration Co. Ltd., Union Oil Co. of Canada and Amoco Canada Resources.

Mr. Geoff Martin, Manager of Geophysics - Mr. Martin graduated from Memorial University of Newfoundland with a Bachelor of Science (Hons) in Geology and has a Master of International Management from the American Graduate School of International Management. Mr. Martin has as great deal of international oil and gas experience, including experience in the Latin America pipeline sector, sales and marketing with Chinese companies, data management in Canada and the Middle East, and exploration experience in the Arctic, Australia, offshore Vietnam and Papua New Guinea, China, Libya, Mexico and several other international locations.

Mr. Lorne LeClerc, Manager of Exploration - Mr. LeClerc holds a Bachelor of Science in Geology from the University of Alberta and has a great deal of experience in the international oil and gas industry. Mr. LeClerc has participated in a variety of projects throughout the Middle East and North Africa. Specifically, Mr. LeClerc has worked on projects in Yemen and Tunisia, and his extensive knowledge and experience in Yemen will be a valuable asset to Calvalley and its Block 9 joint venture.

Calvalley is excited about the addition of these individuals to its management team and expects that the vast international business and life experience that they bring will assist the Company in fulfilling its mandate of growth beyond its current operations.