OPE Holdings Ltd. Announces Retirement of Richard Haun



    HOUSTON, Aug. 6 /CNW/ - The Corporation announces that Richard Haun, a
co-founder of OPE, Inc., has retired as an officer and employee of OPE, Inc.
and as an officer and director of the Corporation effective August 1, 2008.
The Corporation has entered into a consulting agreement with Mr. Haun
extending until August 1, 2009. The Corporation extends its thanks to Mr. Haun
for his years of service to OPE, Inc. and wishes him the best in his future
endeavors.

    OPE Holdings Ltd. is a public company traded on the TSX Venture Exchange
under the symbol "OPE". The Corporation's operating subsidiaries based in
Houston, Texas are engaged in the offshore engineering industry and are
commercializing the Corporation's proprietary SSP(R) FPSO platform.

    The TSXV has neither approved nor disapproved of this press release.





For further information:

For further information: L. Daniel Wilson, Executive Vice President, at
(403) 358-1110 (phone), (403) 887-7703 (fax) or dwilson@opeinc.com

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OPE HOLDINGS LTD.

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