Reef Resources Appoints New Director

FSC / Press Release 
Reef Resources Appoints New Director 
Calgary, Alberta CANADA, October 24, 2013 /FSC/ - Reef Resources Ltd. (REE - TSX
Venture), ("Reef" or the "Company") reports the following: 
Frank Velden, Appointment to the Reef Resources Board of Directors: 
Reef is pleased to announce the appointment of Mr. Velden to the Board of
Mr. Velden is a senior oil industry professional with over 30 years of
experience in Canadian and International oil and gas drilling, completions and
production operations. 
In 1979 he began his career working both drilling and service rigs in Western
In 1984 he joined Canadian Oilfield Stimulations Services Ltd (COSS) were he
served as Principle, and Managing Director of Engineering and Business
Development. During his time at COSS, he worked closely with oil and gas
producing companies to identify production decline problems and to design
production remediation and maintenance programs. 
After the acquisition of COSS by Trican Well Service Ltd in 2000, he joined
Trican where he served as Production Services Manager, Canadian Sales Manager,
and currently serves as Director of Corporate Business Development. Trican Well
Service Ltd. is the largest pressure pumping service provider in Canada and a
leading fracturing company in Russia, with growing operations the United States,
Kazakhstan, Algeria and Australia. 
Mr. Velden is a graduate of the Southern Alberta Institute of Technology (SAIT
Polytechnic), holding two (2) Petroleum Technology Diploma's - Reservoir
Engineering and Production Engineering. 
Mr. Velden's appointment is subject to TSX approval. 
Arnie Hansen, President stated, "We are pleased to have someone of Frank's
caliber, experience and credibility in the industry reside on our Board. We look
forward to working closely with Frank and anticipate his positive contributions
as we move forward with the growth of the Company. 
For more information please contact: 
Arnie Hansen
President & CEO
T: (403) 651-7871
1120 - 444 5 Ave SW
Calgary, AB T2P 2T8 
Larry Olson
T: (250) 460-2640 
Footnote: The Company's Ontario asset has gas storage rights, gas re-injection
permit for gas recycle, NGL recovery, enhanced oil recovery and arbitrage.  A
key component of Reef's Ontario strategy is to identify and exploit undervalued
prospects in the Ontario basin by utilizing the company's 23,500 acres of
proprietary 3D seismic. In addition to its Ontario Properties, Reef has
identified multiple oil and gas acquisition and development opportunities
throughout Canada. 
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,
exploitation 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, exploitation 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 those actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, Investors
should review the Company's registered filings which are available at 
This news release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws. 
Barrel ("bbl") of oil equivalent ("boe") amounts may be misleading particularly
if used in isolation. All boe conversions in this report are calculated using a
conversion of six thousand cubic feet of natural gas to one equivalent barrel of
oil (6 mcf=1 bbl) and is based on an energy conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
well head. 
Trading in the securities of Reef Resources Ltd. should be considered highly
speculative. 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. 
To view this press release as a PDF file, click onto the following link: 
Source: Reef Resources Ltd. (TSX-V-REE)
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-0- Oct/24/2013 13:36 GMT
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