PetroLatina Names New Board Members

PetroLatina has announced that Luc Gerard and Ciro Mendez, representatives of Tribeca, have joined the Company's board as Executive Chairman and Non-Executive Director respectively, with immediate effect. Accordingly, Greg Smith, PetroLatina's current Executive Chairman, has agreed to step down from the board with immediate effect.

Luc Mputu Nyafe Gerard, aged 37, graduated from ICHEC, Brussels Business School, Belgium in 1995 with a Bachelor of Science degree in Civil Engineering specializing in emerging markets and manufacturing in the developing world. He also holds a Masters Degree in Business Administration from IMD, Lausanne, Switzerland. Since graduating, Gerard has principally been involved in production and marketing and has held various positions in the areas of general management, mergers and acquisitions, business development and strategic planning, both in Colombia and other Latin American countries, as well as in the United States and Europe. He was President of Philip Morris' Colombian operations and has held various roles with this multinational group in Latin America, Europe and the United States. Gerard has also worked for Caterpillar, Merrill Lynch and ING. In 2006, he founded Tribeca, which was Colombia's first private equity fund and currently acts as its President. He is highly respected within Colombia's business community.

Ciro Alberto Mendez Sampayo, aged 33, graduated from the Universidad de Los Andes, Bogota, Colombia in 1999 with a Bachelor of Science in Industrial Engineering. He also holds a Masters Degree in Business Administration from Columbia Business School in New York. Since graduation, Mendez has held various roles in the public sector and industry, including Financial Analyst at the Department of National Planning in Colombia, Corporate Finance Associate with Genispace Inc. in New York and a Strategic Planning Manager at Insercams Ltda., Colombia. More recently, he worked for KPMG as a Senior Supervisor in their Corporate Finance Department in Colombia, where he specialized in advising multinational corporations on M&A engagements in Latin America and in structuring Public Private Partnership (PPP) projects, particularly in the infrastructure sector. He is currently an Investment Manager at Tribeca, which he joined in 2007.

"I welcome the appointment of Luc and Ciro to the board and believe that they will be great assets to the Company, not only in relation to the development of its existing assets, but also as it furthers its relationships throughout Colombia," said resigning Executive Chairman, Greg Smith.