Elligson Resigns as President of Blue Parrot Energy

Blue Parrot Energy Inc. reported that Bill Elligson has resigned as President of the Company, effective January 24, 2008, citing health reasons. As part of the restructuring the Corporation's Board of Directors has appointed Paul Patton as the interim Chief Executive Officer and Gordon Harris as interim non-executive Chairman of the Board. In addition, Robert Verbuck, has resigned as Corporate Secretary, effective as of the same date in order to focus the on legal matters related to the restructuring. The Company thanks Messrs. Elligson and Verbuck for their service.