Regal announces new Vice-Presidental appointment


    CALGARY, April 23 /CNW/ - Regal Energy Ltd. ("Regal" or the
"Corporation") is pleased to announce that it has appointed Mr. Julian Din as
Vice-President, Business Development.
    Mr. Din has spent the last 15 years in Calgary, as a securities industry
professional focused on the energy industry. His roles have included Managing
Director of Investment Banking where he was involved in raising debt and
equity capital, as well as advising on numerous merger and acquisition
transactions. Most recently, he was a Senior Wealth Advisor and Associate
Director, Wealth Management at a bank owned securities firm where he was
responsible for overseeing client assets.
    Mr. Din has worked extensively with both public and private corporations,
North American and international corporations, and large and small
capitalization issuers within the oil and gas exploration, oil and gas
service, energy trust, pipeline, power generation, and transportation and
infrastructure sectors. Mr. Din has spent his career investing in, raising
capital for, and building relationships with companies and people actively
involved in the energy sector, and has established an extensive network of
contacts with members of the global energy and investing communities. Mr. Din
holds an MBA degree from Pepperdine University, and a BComm degree from the
University of Calgary.
    Mr. Hugh Ross, President and CEO of Regal, states "we are pleased to have
Mr. Din join the new management team as he will play an integral part in the
growth and future development of the Corporation".

    Regal Energy Ltd. is a junior Canadian energy company engaged in the
exploration, acquisition, development and production of crude oil and natural
gas in western Canada. Regal's main areas of focus currently are the Bakken
oil play at Roncott, Saskatchewan, the Garrington natural gas property located
in west central Alberta, the Eight Mile natural gas property located in
northeast British Columbia and the Windfall property in Alberta. Regal is
listed on the TSX Venture Exchange under the symbol "REG".

    Advisory Respecting Forward-Looking Statements:

    This news release contains certain forward-looking statements within the
meaning of applicable securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "objective", "ongoing", "may", "will",
"project", "should", "believe", "plans", "intends", "confident", "might" and
similar expressions are intended to identify forward-looking information or
statements. In particular, but without limiting the foregoing, this news
release contains forward-looking statements pertaining to the growth and
future development of the Corporation.
    The forward-looking statement included in this news release is not a
guarantee of future performance and should not be unduly relied upon.
Forward-looking statements are based on current expectations, estimates and
projections that involve a number of risks and uncertainties, which could
cause actual results to differ materially from those anticipated and described
in the forward-looking statements. Such information and statements involve
known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such
forward-looking information or statements.
    The foregoing list of assumptions, risks and uncertainties is not
exhaustive. The forward-looking information and statements contained in this
news release speak only as of the date of this news release, and Regal assumes
no obligation to publicly update or revise them to reflect new events or
circumstances, except as may be required pursuant to applicable securities

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00023201E

For further information:

For further information: Hugh G. Ross, President and CEO, Telephone:
(403) 263-4310, Fax: (403) 263-4368; Ketan Panchmatia, VP Finance and CFO,
Telephone: (403) 263-4310, Fax: (403) 263-4368

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