E-T Energy Ltd. Announces New Executive Appointments

CALGARY, Sept. 12, 2011 /CNW/ - E-T Energy Ltd. ("E-T Energy" or the "Company") is pleased to announce the appointment of Mr. Trevor Roberts, P.Eng., as President and Chief Executive Officer of the Company. Mr. Roberts will also retain his current position as a director of the Company. Concurrently, Dr. Bruce C. W. McGee, CD, Ph.D., P.Eng. has resigned his position as President and Chief Executive Officer to become Executive Chairman of the Board of E-T Energy Ltd.

In his new role, Mr. Roberts will assume the responsibility for advancing the Company's strategic vision and to develop the operational and financial strategies to fully utilize of the Company's proprietary ET-DSP™ technology for the extraction of bitumen and conventional heavy oil in Canada, the USA and other foreign opportunities.  Mr. Roberts brings extensive experience in the Athabasca Oil Sands through senior executive positions he has held, including Chief Operating Officer of Canadian Oil Sands Limited and Canadian Oil Sands Trust between 2005 and 2011, Senior Vice-President, Operations and other Vice- President positions with Suncor Energy between 1997 and 2005, and prior thereto, 21 years with Shell Canada Ltd.

Executive Chairman Bruce McGee commented, "We are extremely pleased to have Trevor Roberts join E-T Energy in this capacity and to have acquired an executive with the skills and lengthy experience developed from working in the Athabasca Oil Sands. His experience will be invaluable as the Company moves to build up the leadership and management team necessary to execute the Company's first commercial project, expected to produce 10,000 barrels of bitumen per day from its Poplar Creek asset. The application for the commercial project is currently under review by regulatory authorities with approval expected in the near future, leading to the anticipated commencement of production in 2014".

The Board of Directors would like to acknowledge the immeasurable contribution that Dr McGee has given to the Company as President and CEO over the last seven years since its inception in 2004. Through Dr. McGee's leadership, he has positioned the ET-DSP™ technology as a primary means for the extraction of bitumen from the Athabasca Oil Sands, with the lowest capital and operating cost structure and the least damaging to the environment. All stakeholders in the Company are deeply indebted to Dr. McGee.

About E-T Energy Ltd.

E-T Energy is a private, Calgary-based company focused on bitumen extraction from the oil sands and heavy oil recovery through the use of the proprietary, efficient, and environmentally friendly ET-DSPTM process.  E-T Energy is currently field testing the ET-DSP™ in the Athabasca Oil Sands in Alberta.  The ET-DSPTM process offers several advantages that will make it the technology of choice for a significant quantity of bitumen and shallow heavy oil resources that currently do not have a suitable extraction method. These advantages include: an established technology, minimal water use, rapid recovery of affected lands, lower energy use, and substantially reduced greenhouse gas emissions.

Website: www.e-tenergy.com

Readers are cautioned that this press release contains forward looking information relating to proposed development plans of the Company and the timing of execution.  There is a risk that the development plans proposed by the Company will not be completed within the anticipated time or at all.  Although the Company believes that the expectations and underlying assumptions reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as the company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.  The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

SOURCE E-T Energy Ltd.

For further information:

on E-T Energy, please call Dr. Bruce McGee at 403-569-5110 or Trevor Roberts at 403-569-5117

Profil de l'entreprise

E-T Energy Ltd.

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