Ernst & Young recognizes entrepreneurial icon Clayton Riddell



    Riddell receives the 2008 Ernst & Young Entrepreneur Of The Year(R) 2008
    Prairies Lifetime Achievement Award

    CALGARY, Oct. 22 /CNW/ - Last night, Clayton Riddell was honoured with
the Ernst & Young Entrepreneur Of The Year(R) 2008 Prairies Lifetime
Achievement Award at a banquet in Calgary. The award was given in recognition
of his innumerable contributions to the regional and national business scenes.
Mr. Riddell has spent more than five decades building on his entrepreneurial
spirit to spearhead growth in Alberta's oil patch.
    "Clayton Riddell is a true Prairies powerhouse who transforms ideas into
valuable and viable businesses," said Barry Munro, director of the Ernst &
Young Entrepreneur Of The Year Awards program for the Prairies region. "From
his first pipeline project in Northern Alberta to his latest carbon-based
alternative energy project in California, Mr. Riddell consistently evolves to
take on new challenges and build new opportunities."
    Mr. Riddell is the Founder, Chairman and CEO of Paramount Resources Ltd.
- one of Canada's most successful oil companies. Since he founded the company
in 1978, its success has spawned Paramount Energy Trust, Trilogy Energy Trust
and MGM Energy Corp. A community-minded leader, Mr. Riddell is also a
well-known philanthropist who has served on numerous scientific, industry and
volunteer boards. Among his many accomplishments, Mr. Riddell is known for
establishing an environmental, earth and resources scholarship at his alma
mater, the University of Manitoba. The university's Faculty of Environment,
Earth and Resources is named in his honour. In addition, Mr. Riddell was
recently invested as an Officer of the Order of Canada.
    The Ernst & Young Entrepreneur Of The Year Awards honour individuals
whose lasting impact on Canadian and international business nurtures the next
generation of Canadian entrepreneurial talent. This year, the program proudly
celebrates a milestone anniversary - 15 years of honouring the country's most
impressive entrepreneurs from all areas of business.
    The national program sponsors are Global Television Network, National
Post, La Presse and RDI. The Prairies region sponsors are Calgary Inc. and the
Calgary Herald. To learn more, visit eoy.ca.

    About Ernst & Young

    Ernst & Young is a global leader in assurance, tax, transaction and
advisory services. Worldwide, our 135,000 people are united by our shared
values and an unwavering commitment to quality. We make a difference by
helping our people, our clients and our wider communities achieve their
potential. For more information, please visit ey.com/ca.





For further information:

For further information: Brooke McLachlan, brooke.mclachlan@ca.ey.com,
(604) 899-3597; Amanda Olliver, amanda.olliver@ca.ey.com, (416) 943-7121;
Julie Fournier, julie.fournier@ca.ey.com, (514) 874-4308


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