Po Valley Energy Ltd. announced that its CEO, Mr. Giovanni Catalano, will step down from that position on August 12, 2013. While Mr. Catalano will step down as CEO and as a director of PVE with immediate effect, he will continue to work with the Company for a period of up to three months to ensure a smooth transition and progressive transfer of his responsibilities with the company's operational subsidiaries to other members of management during this period. Ms Sara Edmonson, currently the company's Chief Financial Officer, will assume the role of Acting CEO upon Mr. Catalano's departure.

The current management team will assume responsibility for the company's technical, operational and regulatory activities and Mr. Catalano will work with them as necessary over the coming months to ensure a smooth transition.