PetroShale Inc. announced key executive appointments and changes to its Board of Directors, effective immediately. Calgary-Based Executive Appointments: M. Bruce Chernoff, P.Eng. - Executive Chairman and CEO.

Mr. Chernoff has over 25 years of hands-on experience as an oil and gas entrepreneur, financing and building energy companies. Mr. Chernoff is the President of Caribou Capital Corp. David Rain, CA - CFO.

Mr. Rain has served as the CFO of Caribou Capital Corp. since its inception in 1999, and has over 25 years of experience in corporate finance primarily in the oil and gas and investment industries. Tony Izzo - Vice President, Business Development.

Mr. Izzo has more than 25 years of combined engineering, operations and management experience in the oil and gas industry. Mr. Izzo has been involved in the start-up of new oil and gas entities as well as serving in senior technical and management positions in a number of junior and large oil and gas companies. John Fair, President of PetroShale (U.S.) Inc. will continue to play an integral role in the growth and evolution of the Company.

Mr. Fair is based in PetroShale's Denver office, which facilitates access to acquisition opportunities, as well as strong local relationships. Board of Directors and Corporate Secretary Changes: Ken McCagherty, P. Eng. - appointed to the Board of Directors.

Mr. McCagherty is President and CEO of Westbrick Energy Ltd. Brett Herman (President and CEO of TORC Oil & Gas Ltd.) and Jacob Roorda (Managing Director, Windward Capital Ltd., Director of Angle Energy Inc.) will continue as directors of the Company. John Hagg has resigned as a director and PetroShale thank him for his valued service and contribution. Ms. Nicole Bacsalmasi, of Burnet Duckworth & Palmer, LLP has been appointed as Corporate Secretary.

Mr. Fair will remain as a director of PetroShale.