CALGARY, ALBERTA--(Marketwire - May 29, 2012) - ALBION PETROLEUM LTD. ("Albion" or the "Corporation") (TSX VENTURE:ABP.H) is pleased to announce the appointment of Mr. Pablo Mir to the Board of Directors of the Corporation.
Mr. Mir's practice area focuses on Natural Resources, Mining and Energy, and Public Works Concessions. He is a senior partner of the Chilean law firm Bofill Mir & Alvarez Jana, one of the largest law firms in Chile, where he leads the natural resources practice. Mr. Mir has advised international mining companies on the exploration, development, construction, and acquisitions of mining projects in Chile and Argentina. He has been recognized by specialized legal publications as one of the top mining lawyers in Latin America. Mr. Mir received his Law Degree from Universidad de Chile and was admitted to practice in 1987. Mr. Mir is also currently a director of Sirocco Mining Inc.
Concurrently with Mr. Mir's appointment, Albion accepted the resignation of Mr. Walter Romanchuk from the Corporation's Board of Directors.
Mr. David Shaw, CEO and Director stated, "We wish to thank Mr. Romanchuk for his valuable service and are looking forward to working with Mr. Mir as we continue to investigate projects that meet the criteria of a qualifying transaction."
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Albion assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Albion. A description of assumptions used to develop such forward looking-statements and additional information identifying risks and uncertainties in respect of forward-looking statements is contained in certain of Albion's filings and disclosure documents which can be found on the SEDAR Website at www.sedar.com.Neither the NEX Board, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.