Highpine Oil & Gas Limited appoints new President and Chief Executive Officer

    CALGARY, Jan. 8 /CNW/ - Highpine Oil & Gas Limited (TSX: HPX)
("Highpine") is pleased to announce that Jonathan Lexier will assume the
positions of President and Chief Executive Officer of Highpine. Gordon
Stollery, interim President and Chief Executive Officer, will remain a
director of Highpine.
    Jonathan Lexier currently holds the position of Chief Operating Officer
for NAL Resources - manager of the NAL Oil and Gas Trust as well as oil and
gas assets for a large financial institution. Mr. Lexier has an M.B.A. from
the Ivey School of Business at the University of Western Ontario and a B.Sc.
Mechanical Engineering degree from the University of Manitoba. Prior to
joining NAL in 1999, Mr. Lexier worked at Mobil Oil Canada for 17 years in
various technical, business and leadership roles. Mr. Lexier is currently
chair of the Canadian Association of Petroleum Producers (CAPP) Stewardship
Committee as well as a long serving member of CAPP's Environmental, Health and
Safety Executive Policy Group.
    Hank Swartout, the non-executive Chairman of the Board of Directors of
Highpine, commented, "We are very pleased that Mr. Lexier will be joining
Highpine and we look forward to benefiting from the wealth of his experience
in the oil and gas industry".
    Highpine is a Calgary-based oil and natural gas company engaged in
exploration for and the acquisition, development and production of natural gas
and crude oil in western Canada. Highpine's current exploration and
development efforts are focused in the West Pembina Nisku and West Central
Alberta Gas Fairway, both located in Central Alberta. The company's class A
common shares trade on the Toronto Stock Exchange under the symbol "HPX".

    The Toronto Stock Exchange has neither approved nor disapproved
    the information contained herein.

For further information:

For further information: A. Gordon Stollery, President and Chief
Executive Officer; Bob Rosine, Executive Vice President, Corporate
Development; Harry D. Cupric, Vice President, Finance and Chief Financial
Officer; Telephone: (403) 265-3333, Facsimile: (403) 265-3362, Website:
www.highpineog.com; Media Contact: Shauna MacDonald, (403) 538-5645

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