Fortaleza Energy Inc. announced that in an effort to reduce overheads and further streamline operations, Mr. J. Cameron Bailey has tender his resignation as Chief Executive Officer of Fortaleza. Mr. Lance Sauer who has served as Chief Operating Officer of Fortaleza since September 1, 2014 has been appointed Chief Executive Officer. Mr. Bailey will remains as a Director of Fortaleza.

Furthermore, Jamie Jeffs has tendered his resignation as Chief Financial Officer of Fortaleza. These management changes became necessary to right size the Corporation due to the significantly reduced business activity. The corporation regretfully accepted the resignation of Mr. Donald Leitch who has been a director of Fortaleza since May of 2007.