/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
CALGARY, Feb. 25 /CNW/ - Poplar Point Energy Inc. (the "Corporation")
announces two new additions to the Board of Directors as elected by the
shareholders of the Corporation at its recent annual general meeting. Mr. DK
Yu and Ms. Hye-lyeon Hong of Seoul Korea have replaced Messrs. Darcy Spady and
D.K. Lee on the Board. Mr. Yu and Ms. Hong are representatives of Ever
Resources Inc., the Corporation's largest shareholder.
The Corporation thanks Messrs. Spady and Lee for their contributions to
the board of the Corporation.
The Corporation also wishes to provide an update on the multi-section
farm-in agreement of prospective Edmonton Sands land in central Alberta. The
Corporation is obligated to drill and complete one well per section to earn
the Farmor's interest in each section, subject to a $175,000 default penalty
per well for non-completion. The Corporation has successfully completed the
majority of the program and has applied for a July 31, 2009 extension to
complete the remaining four commitment wells.
Poplar Point Energy is a junior oil and gas producer specializing in the
exploration and development of shallow gas from the Edmonton Sands formation
in central Alberta. Poplar was recently awarded "Top Junior Producer of the
Year" by industry peers at the Energy TV awards.
For further information:
For further information: Brad Nichol, President & Chief Executive
Officer of the Corporation, at (403) 532-2411