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Opal Energy Corp.

Published : March 28th, 2008

announces addition of investor relations manager

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Keywords :   Market | Merrill | Merrill Lynch | Natural Gas |

News Release

March 28, 2008

Opal announces addition of investor relations manager

Opal Energy Corp. (the "Company") (TSX-V: OPA) announced that Mr. Blake Harvey has joined the Company as manager, Investor Relations. The first full-time professional the Company has employed in that role, Mr. Harvey brings substantial experience to his new assignment.

Commenting on the recent hire, Opal CEO and Director Barry Williamson said, "We are committed to providing our shareholders with accurate and timely information on developments at Opal. In order to best serve the needs of that key audience, we have added a dedicated investor relations manager to our staff. We are pleased to welcome Mr. Harvey to Opal in that capacity. We look forward to benefitting from his experience, as Opal works to develop the potential value of its exciting prospects in South Texas."

Prior to joining the Company, Mr. Harvey worked at the Greater Houston Partnership, a nonprofit organization that traces its roots to Houston's original Chamber of Commerce. As the principal staff liaison to the Partnership's energy sector committees, his responsibilities there included major energy conferences. Mr. Harvey's previous communications experience includes tenures at CITGO Petroleum Corporation and Hart Energy Publishing. He also held various marketing and sales positions in the financial services industry, with AIM Management and Merrill Lynch.

Mr. Harvey holds a bachelor of arts in English from Georgetown University and a master's in international affairs from Texas A&M University's George Bush School of Government and Public Service, where he studied on fellowship.

The Company also reports that grants have been made pursuant to its Stock Option Plan to purchase an aggregate of 290,000 shares subject to regulatory approval. The holders of the options may purchase their allocated number of common shares of Opal at $0.39 per share on or before March 28, 2013. The options are subject to a vesting schedule and any shares acquired pursuant to the option agreements may not be sold within four months of granting.

Opal Energy Corp.
Opal Energy Corp., through its U.S. subsidiary Opal Energy Inc., offers an aggressive, disciplined and results-oriented vehicle to invest in the U.S. Exploration and Production "E&P" sector with a particular focus on natural gas exploration prospects in South Texas. The business strategy is to build asset value through drilling, growing a production platform upon which will be superimposed some potential high value exploration opportunities. Drilling inventory will be continuously enhanced by the implementation of a series of proprietary 3-D seismic shoots.

CONTACT FOR MORE INFORMATION
Mr. Blake Harvey
Telephone: (604) 630-4909
 

OR:
Website: www.OPALenergy.ca
E-mail: info@OPALenergy.ca
On behalf of the Board of Directors
Opal Energy Corp
Ronald E Oligney
Chairman of the Board
Barry Williamson
CEO and Director

This release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, production activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, production and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Opal does not assume a duty to update these forward-looking statements. For more information on the Company, Investors should review the Company's filings that are available at www.sedar.com .

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

Opal Energy Corp
Corporate Office:

Suite 951- 409 Granville St.
Vancouver, B.C., V6C 1T2
CANADA
Opal Energy Inc.
United States Headquarters

410 W. Grand Parkway S.
Suite 350, Katy, TX, 77494
USA
Opal Energy Inc.
South Texas Operations:

One O'Connor Plaza, Suite 420
Victoria, TX, 77901
USA

Opal Energy Corp.

CODE : OPA.V
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Opal Energy is a gold and cobalt exploration company based in Canada.

Opal Energy holds various exploration projects in Canada and in Namibia.

Its main exploration properties are SPUD VALLEY, BIJOUX and BREAKAWAY (RSTP) in Canada.

Opal Energy is listed in Canada. Its market capitalisation is CA$ 3.9 millions as of today (US$ 2.9 millions, € 2.7 millions).

Its stock quote reached its lowest recent point on December 31, 2009 at CA$ 0.01, and its highest recent level on February 11, 2011 at CA$ 3.00.

Opal Energy has 35 340 000 shares outstanding.

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Financings of Opal Energy Corp.
3/5/2008announces warrants exercised in February for $3.6 million ad...
3/5/2007Warrants Yield $3 Million
Nominations of Opal Energy Corp.
3/28/2008announces addition of investor relations manager
Corporate news of Opal Energy Corp.
8/28/2015Opal Announces Approval for Amendment to Term of Warrants
7/31/2015Opal Applies for Amendment to Term of Warrants
9/6/2012Announces Transfer to NEX
6/1/2011Announces Share Consolidation
4/26/2011Announces Proposed Share Consolidation
6/2/2008’s 3-D seismic survey yields new natural gas prospect
5/28/2008announces update on South Texas drilling program
5/15/2008files amended documents on SEDAR
3/31/2008announces release of reserve data
2/27/2008Dr. Vik Rao, Halliburton Chief Technology Officer joins Opal...
2/7/2008Company attracts prominent oil and gas executive to solidify...
1/22/2008Independent Report Gives Opal 3.19 TCFE Of Potential For Its...
1/15/2008Seismic Acquisition Underway in South Texas
1/14/2008Reports 95 Bcf Proven and 87 Bcf Probable - Natural Gas Rese...
1/2/2008Announces New Management Structure
12/1/2007Talent Pool Deepens
11/15/2007Announces China Source of Components in Exploration Strategy
11/13/2007Provides Texas Giants Strategy Update
10/29/2007Progress in South Texas Exploration
9/27/2007Tim Nesler and Barry Williamson join OpalEnergy?sBoard
9/20/2007Mr. Bruce Huff appointed Chief Financial Officer
8/16/2007Sets pipe in K2 Wilcox "Kane-Brandon #1" well
7/5/2007 $25 million financing closed
6/7/2007joins Milagro Exploration in K2 Wilcox Well
5/17/2007adds deep well operations capability
2/22/2007Closes $460,000 Financing
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