Aztec O&G Waves Goodbye to Retiring CEO

Aztec Oil & Gas announced that Franklin C. Fisher, Jr. has retired as Chief Executive Officer, Chairman and a director of the Company effective February 1, 2010. Mr. Fisher has been subsequently retained by the Company as Senior Strategy Consultant, a non-executive position.

"I will be 70 years old in less than six months and as many people know, I attempted to retire in 2004. I am proud of the fact that Aztec is in what I, and many others, believe is great shape and is positioned to grow significantly. Over the last almost four years our team has redirected the focus of Aztec and built it into a formidable and respected firm in the sponsored drilling program industry. The Company continues to grow daily and has a great staff of officers, directors, consultants and support persons in place to expand and capitalize on that success and growth. I shall, personally, continue to actively support and contribute to the Company in every way possible in my new capacity as a consultant," stated Mr. Fisher.

Aztec additionally announced that Ariane E. Cox was elected to the position of Vice President and Secretary/Treasurer, replacing Kathryn Parks.

It was further announced that the Board of Directors has elected Mr. Dayton F. Wheeler to replace Mr. Fisher as a director. Mr. Wheeler is an MBA employed by a division of NCR Corporation.

Mr. Waylan R. Johnson, President of Aztec, will assume the duties formerly assigned to the CEO, and the positions of Chairman and CEO will be abolished.