Dundee Energy Limited announced the resignation of Mr. Jaffar Khan as President and Chief Executive Officer of the Company. Mr. Khan will remain as a director of the Company. Mr. Bruce Sherley, P.Eng, has been appointed President and Chief Executive Officer of Dundee Energy effective immediately.

Mr. Sherley has been President and Chief Executive Officer of Dundee Oil and Gas Limited since 2008. Mr. Sherley has previously served as Executive Vice President and Chief Operating Officer of the Company from 2001 to 2008.