Park Place Energy Corp. announced significant changes to its new board of directors at its recent Annual Shareholder Meeting and the appointment of a new management team. Highlights of the management changes include the appointment of Scott C. Larsen as President and Chief Executive Officer of the company.

With over 30 years' experience, Mr. Larsen is an experienced oil and gas executive who was formerly President and CEO of TransAtlantic Petroleum Ltd. Dr. David Campbell will serve as Vice President of Exploration. Dr. Campbell's background includes serving as Middle East Exploration Manager for Arco, stints with Exxon. He like wise brings over 30 years of oil and gas exploration experience to the company.

Fran Munchinski has been appointed as Corporate Secretary of the company. Mr. Munchinski, an attorney with over 28 years' experience, was most recently senior counsel at Denbury Resources Inc. Taisiia Popova will continue to serve as Chief Financial Officer of the company. The new four member Board is composed of Dr. Arthur Halleran, a geologist with over 30 years' experience, most of it internationally, who continues his service on the Board; Ijaz Khan, former general counsel for Kuwait Gulf Oil Company and now Vice President, Special Projects for United Hydrocarbon International Corp.; David M. Thompson, with over 30 years financial experience in the oil and gas industry; and Mr. Larsen, the new President and CEO of the company.