Petrominerales Announces Executive Team Changes

Petrominerales Announces Executive Team Changes 
CALGARY, ALBERTA -- (Marketwire) -- 01/24/13 -- Petrominerales
(TSX:PMG) (BVC:PMGC) announces the departure of Mr. Jack Scott, the
former Chief Operating Officer of Petrominerales. Mr. Scott has
decided to resign to pursue other personal and professional goals. 
"On behalf of Petrominerales, I would like to sincerely thank Jack
for his commitment and contributions to Petrominerales. We wish him
all the best in his future endeavours," said Corey C. Ruttan,
President and Chief Executive Officer.  
We are excited to announce that Mr. John Koch has been appointed
Chief Operating Officer of Petrominerales with responsibility for all
of our operational activities in Colombia, Peru and Brazil. With 30
years of industry experience, Mr. Koch will lead our team of talented
technical professionals into our next stage of exploration and
production growth.  
Prior to joining Petrominerales, Mr. Koch held increasingly senior
technical and operational roles at various large and mid-sized energy
companies operating in Canada and internationally. Most recently,
John has been involved as the founder and CEO of an efficiency
technology company, while concurrently executing his role as COO of
an oil shale start-up company. From 2002 to 2007, Mr. Koch was the
Vice President Operations and Chief Operating Officer of Trident
Exploration Corp. where he managed considerable capital budgets and
programs, achieving best in class operating costs and capital
efficiencies. Mr. Koch was the Vice President International
Operations of Pacalta Resources Ltd. from 1996 to 1999, where he
worked alongside many of the current members of Petrominerales'
executive team, including Jaime Valenzuela. John's depth of
experience, demonstrated operational execution skills, along with his
emphasis on operational efficiency, will contribute tremendously to
Petrominerales' success in 2013 and beyond.  
In addition, we are delighted to announce the promotion of Mr. Jaime
Valenzuela to Vice President and Country Manager, Colombia. Mr.
Valenzuela was appointed Vice President Project Management Planning
and Director of Operations of Petrominerales in June 2011, and prior
thereto was our Director, Project Management and Planning since June
2010. Prior to joining Petromin
erales, Mr. Valenzuela was Trident
Exploration Corp.'s Director, Project Management Office, for five
years, and was the Production Supervisor at Pacalta Resources Ltd.
from 1997 to 1999, working alongside John Koch. Mr. Valenzuela
previously worked for Encana Corporation from November 1999 to March
2005 in various project management and production roles. Jaime has
demonstrated exceptional leadership and has been instrumental in
managing our operations in Colombia and Peru. Mr. Valenzuela's
promotion recognizes his remarkable contribution to Petrominerales
and his commitment to the vision and values of our company.  
Our 2013 capital program balances high-impact exploration and
development drilling opportunities in Colombia, Peru and Brazil and
our executive team is well positioned to lead our company through
this next phase of growth and maximize the potential of our exciting
inventory of opportunities.  
Petrominerales Ltd. is an international oil and gas company operating
in Latin America since 2002. Today, Petrominerales is one of the most
active exploration companies and one of the largest oil producers in
Colombia. Our high-quality land base and multi-year inventory of
exploration opportunities in Colombia, Peru and Brazil provides
long-term growth potential for years to come.
Petrominerales Ltd.
Corey C. Ruttan
President and Chief Executive Officer
403.705.8850 or 011.571.629.2701 
Petrominerales Ltd.
John Koch
Chief Operating Officer
403.705.8850 or 011.571.629.2701 
Petrominerales Ltd.
Kelly D. Sledz
Chief Financial Officer
403.705.8850 or 011.571.629.2701
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