Paradigm O&G Appoints New Executive Management

The Board of Directors of Paradigm Oil & Gas announced the appointment of Brian Kennedy as Chief Financial Officer and Joseph Fiore as Chief Operations Officer. The appointments will take effect immediately.

Brian Kennedy, Chief Financial Officer

Mr. Kennedy has over 30 years of business experience and during his career has held several CEO and CFO positions with both public and private companies. His experience spans areas of general management, business planning, accounting and financial reporting, treasury functions, intellectual property and licensing, mergers and acquisitions, and Board of Director positions. Mr. Kennedy is a Chartered Accountant and has a Bachelor of Business Administration degree from York University.

Previously Mr. Kennedy was CEO of Luxell Technologies, listed on the Toronto Stock Exchange, where under his leadership grew the company from a $0.25 share value to over $9.00. Over the last 3 years, Mr. Kennedy worked on numerous oil and gas recovery projects, whereby utilizing new technologies he successfully increased the production output of the wells.

"The company will benefit greatly from Brian's background and experience," said Marc Juliar, Paradigm Oil & Gas CEO. "Brian brings both outstanding industry experience and business development skills to the company that will greatly benefit our investors."

Joseph Fiore, Chief Operating Officer

Mr. Fiore has over 30 years of corporate experience in business development and marketing. He has broad based experience with major corporations such as Mobile Geophysical Service, a division of Mobile Oil, and Geophysical Service, a division of Texas Instruments, where he gained valuable hands on petroleum industry experience. His combination of project development and operating experience will add significant value as Paradigm moves into the Q2 work program.

"We are delighted that Joseph is joining us," Mr. Juliar stated "He has exactly the right blend of senior project management and operational know-now. He is a valuable asset to the company at a time when we are moving into production and commercialization."