Catapult Announces Appointment of New Directors



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    CALGARY, March 14 /CNW/ - Catapult Financial Management Inc.
("Catapult"), as General Partner for Catapult Energy Limited Partnership I
(the "Partnership") (TSX:CPU.un) announces the appointment of Mr. Bruce Fiell
and Mr. Alan Johnson to the Board of Directors of Catapult.
    Mr. Fiell was most recently with Peters & Co. Limited in Calgary as the
Principal, Corporate Finance with a focus in the oil and gas sector. Mr. Fiell
has a Bachelor of Commerce in Finance from the University of Calgary (1983)
and a Master of International Management from the American Graduate School of
International Management in Glendale, Arizona (1985).
    Mr. Alan Johnson is currently the Founder, President and CEO of RJZ
Mining Corporation. Mr. Johnson managed the Coal Division of Gulf Canada and
led the discovery and development of one of Canada's major coalfields in North
East British Columbia. Mr. Johnson served as a Member of the House of Commons
and as Chair of its Standing Committee for Energy, Mines and Resources from
1988 to 1993.
    Concurrent to the new appointments, Catapult has accepted the resignation
of Mr. Rick Pawluk and Mr. Shaun Alspach from the Board and expresses its
appreciation and thanks for their outstanding past contributions.

    Catapult is a wholly owned subsidiary of Overlord Financial Inc., an
investment manager with expertise in the junior oil and gas sector,
energy-based trusts, oil and gas property management, private equity and
high-yield structured products.




For further information:

For further information: Catapult Financial Management Inc., Eric
Tremblay, Chief Executive Officer, (403) 770-4817; Joanne Hruska, President,
(403) 770-4814

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CATAPULT FINANCIAL MANAGEMENT INC.

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