Petrolifera Petroleum Limited PDP.TO Message Board

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Gold/Mining/Energy : Petrolifera Petroleum Limited PDP.TO

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From: Cal Gary	6/5/2008 12:52:22 AM
	of 62

Petrolifera names Gustajtis to board Petrolifera Petroleum Ltd (C:PDP) Shares Issued 50,353,010 Last Close 6/3/2008 $9.29 Wednesday June 04 2008 - News Release Mr. Richard Gusella reports PETROLIFERA PETROLEUM LIMITED APPOINTS NEW DIRECTOR Petrolifera Petroleum Ltd. has appointed Andrew (Andy) Gustajtis as a director of the company with immediate effect. This brings the composition of the board of directors to eight, with six independent members. Mr. Gustajtis lives in Toronto and holds a BSc (honours) degree (1972) from the University of Waterloo and a master of science in geology (1978) from Dalhousie University. He has worked in the investment industry since 1978, primarily focused on the oil and natural gas industry and recently with an emphasis on companies engaged in international activity outside of Canada. Consistent with his business experience as a financial analyst and investment banker and considering his educational background, Mr. Gustajtis has been appointed to Petrolifera's audit committee, replacing Don Barkwell, to the company's reserves committee, replacing Gerrit Maureau, and has been added to the company's human resources committee. These changes and assignments reflect the board's desire to distribute the burden of work at the committee level among the company's non-management directors while capitalizing on individual expertise in key areas of the business. Petrolifera Petroleum welcomes Mr. Gustajtis to its board and looks forward to his contribution to the continuing growth and success of the company. © 2008 Canjex Publishing Ltd.

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