Silverwing Energy Inc. Announces Board Changes

    CALGARY, Aug. 16 /CNW/ - Silverwing Energy Inc. ("Silverwing" or the
"Corporation") (TSX:SVW) announces the resignations of Mr. Robert Wagemakers
and Mr. Geoff Waterman from the Board of Directors and the appointment of Mr.
Michael Atkinson and Mr. Scott M. Reeves as new members of the Silverwing
Board. The Board will determine their participation on board committees and
their compensation.
    Mr. Atkinson has been part of Quest Capital Corp. and its predecessors
since November 2001. As Vice President Mr. Atkinson's responsibilities include
screening, reviewing and structuring the Company's debt financing investments
in the oil and gas, mining and real estate industries. His experience includes
over 15 years in the capital markets and financial services industry.
    Mr. Reeves is a partner at TingleMerrett LLP, with a practice focused on
securities, corporate finance and commercial transactions for emerging and
growth companies and partnerships. He has advised numerous private and public
corporations in a wide range of business matters, including access to capital
markets, corporate governance and operational issues. Mr. Reeves has acted as
corporate secretary for Silverwing Energy Inc. and will maintain that
    Silverwing has expressed its sincere gratitude to Mr. Robert Wagemakers
and Mr. Geoff Waterman for their services throughout their terms and wish them
continued success in all of their future endeavours. The appointment of Mr.
Atkinson and Mr. Reeves to the board will be subject to receipt of all
necessary regulatory approvals including the approval of TSX.

    About Silverwing

    Silverwing Energy Inc. is a junior oil and gas exploration production
company based in Calgary. The Company commenced drilling and production
operations in 2003 and has subsequently established two core operating
regions: the northeastern British Columbia Prespatou fairway and the Tomahawk
area of central Alberta.
    Certain statements contained in this document are "forward-looking
statements". The projections, estimates and beliefs contained in such
forward-looking statements involve known and unknown risks, uncertainties and
other factors, which may cause actual results or events to differ materially
from those anticipated in any forward-looking statements. Silverwing believes
the expectations reflected in those forward-looking statements are reasonable;
however Silverwing cannot provide any assurance that these expectations will
prove to be correct.

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this news release.

    %SEDAR: 00023786E

For further information:

For further information: Silverwing Energy Inc.: Oleh Wowkodaw,
President and Chief Executive Officer, (403) 538-5597, (403) 263-5549 (FAX),
Email: or Silverwing Energy Inc.: Terry O'Connor,
Senior Vice President, Business Development, (403) 538-5593, (403) 263-5549
(FAX), Email: or Silverwing Energy Inc.: Martin
Rude, Vice President, Finance and Chief Financial Officer, (403) 538-5591,
(403) 263-5549 (FAX), Email:

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