MVN Madalena Energy Inc

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Madalena Ventures Inc. ("Madalena" or the "Corporation") (TSX VENTURE:MVN) is
pleased to announce the appointment of Anthony J. Potter as the Vice President
Finance and Chief Financial Officer of the Corporation effective February 1,
2010. Mr. Potter is a Chartered Accountant with 24 years of financial management
experience with public international oil and gas exploration and development
companies in domestic and international markets and has previously served as the
Chief Financial Officer for Canadian, United Kingdom and United States based
public companies. Mr. Potter has provided strategic planning, tax and risk
management advice in senior management capacities in the private and public oil
and gas sectors, including extensive involvement in Canadian and international
operations in Argentina, United Kingdom and Eastern Europe. He has been involved
in numerous corporate transactions, including the tax and fiscal planning
strategies for foreign acquisitions and divestitures. Mr. Potter has led new
listings on the London Alternative Investment Market (AIM) and Oslo Stock
Exchange and has been responsible for the completion of a number of equity and
debt financings. Mr. Potter's prior positions have included the responsibility
for corporate compliance with Canadian, US, and international obligations
including all stock exchange and securities regulatory requirements. The
Corporation believes Mr. Potter's extensive international experience and
qualifications will benefit Madalena in its ongoing growth strategies as a
junior international oil and gas exploration and development company.


Madalena also announces the resignation of Gregory J. Ford as Vice President
Finance and Chief Financial effective immediately. The Board of Directors of the
Corporation wishes to sincerely thank Mr. Ford for his significant contributions
over the past 3.5 years and wishes him success in his future endeavours. 


Madalena is a publicly traded international junior Canadian oil and gas
exploration and production company trading on the TSX Venture Exchange under the
symbol "MVN". The Company has assets in Tunisia and Argentina and is actively
evaluating international oil and gas opportunities with a primary focus on South
America and North Africa.


MADALENA VENTURES INC. 

On behalf of the Board 

Ken Broadhurst, President

Forward Looking Statements

The information in this news release contains certain forward-looking
statements. These statements relate to future events or our future performance.
All statements other than statements of historical fact may be forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue", "estimate",
"approximate", "expect", "may", "will", "project", "predict", "potential",
"targeting", "intend", "could", "might", "should", "believe", "would" and
similar expressions. These statements involve substantial known and unknown
risks and uncertainties, certain of which are beyond the Corporation's control,
including: the impact of general economic conditions; industry conditions;
changes in laws and regulations including the adoption of new environmental laws
and regulations and changes in how they are interpreted and enforced;
fluctuations in commodity prices and foreign exchange and interest rates; stock
market volatility and market valuations; volatility in market prices for oil and
natural gas; liabilities inherent in oil and natural gas operations;
uncertainties associated with estimating oil and natural gas reserves;
competition for, among other things, capital, acquisitions, of reserves,
undeveloped lands and skilled personnel; incorrect assessments of the value of
acquisitions; changes in income tax laws or changes in tax laws and incentive
programs relating to the oil and gas industry ; geological, technical, drilling
and processing problems and other difficulties in producing petroleum reserves;
and obtaining required approvals of regulatory authorities. The Corporation's
actual results, performance or achievement could differ materially from those
expressed in, or implied by, such forward-looking statements and, accordingly,
no assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur or, if any of them do, what
benefits that the Corporation will derive from them. These statements are
subject to certain risks and uncertainties and may be based on assumptions that
could cause actual results to differ materially from those anticipated or
implied in the forward-looking statements. The Corporation's forward-looking
statements are expressly qualified in their entirety by this cautionary
statement. Except as required by law, the Corporation undertakes no obligation
to publicly update or revise any forward-looking statements. Investors are
encouraged to review and consider the additional risk factors set forth in the
Corporation's Annual Information Form which is available on SEDAR at
www.sedar.com.

Madalena Energy (TSXV:MVN)
Historical Stock Chart
From Jun 2024 to Jul 2024

Madalena Energy (TSXV:MVN)
Historical Stock Chart
From Jul 2023 to Jul 2024