Mr. Colin Evans reports

CONNACHER ANNOUNCES APPOINTMENT OF CHIEF EXECUTIVE OFFICER

Christopher Bloomer will become Connacher Oil and Gas Ltd.'s chief executive officer, effective April 11, 2013. In conjunction with this role, Mr. Bloomer will also be appointed a director of Connacher.

Mr. Bloomer has over 30 years of experience in the domestic and international energy business. For the past 10 years he has been an executive with Petrobank Energy and Resources, providing leadership throughout Petrobank's corporate evolution. He has held the roles of vice-president, heavy oil; chief financial officer; and, most recently, senior vice-president, chief operating officer and director. Mr. Bloomer began his career at Shell Canada and moved with increasing responsibility through exploration, production, finance, oil sands development and ultimately was director, liquids business, responsible for the crude oil and natural-gas-liquids marketing business and its facilities. Subsequently he was senior vice-president and chief operating officer of Castle Energy, a Nasdaq-listed company, responsible for its Canadian crude oil marketing business and its United States exploration and production operations, as well as its Texas pipeline operations. Following his role at Castle, Mr. Bloomer was president, chief operating officer and a director of Talon International, a TSX Venture Exchange-listed company, operating primarily in Latin America. Mr. Bloomer has served on the boards of several Canadian public energy companies and is a member of the Alberta Association of Professional Engineers and Geoscientists (APEGA).

In connection with the appointment of Mr. Bloomer, Colin Evans, chairman and co-managing director, and Kelly Ogle, co-managing director, will transition back to their roles as directors of the company. Mr. Evans will continue as chairman of the board.