Particle Drilling's CFO Steps Down

Particle Drilling announced that J. Chris Boswell has resigned from his position as Senior Vice President, Chief Financial Officer and Treasurer of the Company, effective January 2, 2009.

"We thank Chris for his contributions over the past five years and we wish him the best in his future endeavors," said Jim B. Terry, the Company's President and Chief Executive Officer.

Jason Davis has assumed the role of interim Chief Financial Officer, effective immediately. Davis joined the Company as Vice President and Controller on July 5, 2006 and has served as the Company's Corporate Controller since then. Davis is a licensed certified public accountant and has served in various financial positions for several companies including Texas Genco, LLC and Isolagen, Inc. from 2003 to 2006. Davis was an accountant with Deloitte & Touche after obtaining his BBA in Accountancy and Taxation from the University of Houston in 1997 until 2003.