Tuscany Energy Ltd. announced the appointment of Charles A. (Tony) Teare to the position of Executive Vice President and Chief Financial Officer. Mr. Teare is currently a member of the Board of Directors of Tuscany and held the same office with Tuscany in 2010. Mr. Teare is a Chartered accountant with over 30 years of experience in various executive positions with public oil and gas companies.

As a result of the business combination of Tuscany and Diaz and in order to reduce the company's overhead costs Brad Perry, Tuscany's former CFO has left the company.