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Excelsior Energy: board changes

Staff writer |
Calgary, AB, Canada - June 16, 2010, Calgary, AB, Canada - Excelsior Energy Limited, an early stage oil sands exploration and development company, announced that Robert Bailey and Richard Grafton have resigned from the board of directors and that it has appointed Verne Johnson and Jeff Scott to the board of directors of Excelsior.

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Mr. Bailey continues in the capacity of Vice President, Engineering and Chief Operating Officer.

Mr. Johnson holds a Bachelor of Science in Engineering from the University of Manitoba. He worked for Imperial Oil and Exxon until the early 1980's and thereafter has been involved with a number of companies in the Canadian oil and gas industry, including ELAN Energy which was sold in 1997. Mr. Johnson is currently Chairman and director of Petromanas Energy Inc., Chairman of Fort Chicago Energy Partners LP, a director of Gran Tierra Energy and director of a number of private companies.

Mr. Scott has extensive mergers, acquisitions and public company experience and has served as a senior officer and/or director of numerous energy and energy services companies. He currently is a director of Petromanas Energy Inc. and is founder and Chairman of Gran Tierra Energy Inc., both international oil and gas companies.

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