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Canoel International Energy Ltd. ("Canoel" or the "Corporation") (TSX
VENTURE:CIL) is pleased to announce that the Board has appointed Hans-Rune
Wahlstrom, a Norwegian banker, to become a member of its Advisory Committee.


Mr. Wahlstrom studied law at the University of Oslo and then entered the BI
Business School in Oslo. Mr. Wahlstrom started his career in 1985 at Christiania
Bank in Oslo as a Manager of International Equities Sales & Trading and
continued his career with Christiania Bank in London, Essar Securities and SPN
Fond. Mr. Wahlstrom also worked at Societe Generale Strauss Turnbull Securities
Ltd. and at Kidder, Peabody & Co Ltd. as Head of North American Equity Sales and
is currently the Senior Managing Director of Du Pasquier & Co Inc., New York, an
investment bank in New York.


Mr. Wahlstrom is fluent in English, Norwegian, Danish and Swedish and is a
member of The Norwegian Society of Financial Analysts.


The other members of the Canoel Advisory Committee are James Ladner, Guglielmo
Moscato and Colin Russel.


Andrea Cattaneo, the Company's CEO and President stated: "The Company continues
to compound high quality individuals to identify additional high quality assets
producing hydrocarbons. We trust that this process will enhance not only the
Company's stature, but finally the due satisfaction of our investors and
stakeholders. The arrival of Mr. Wahlstrom is particularly welcome in this
light."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canoel International Energy Ltd.
Jose Ramon Lopez Portillo
Chairman of the Board
(403) 938-8154
(403) 775-4474 (FAX)


Canoel International Energy Ltd.
Andrea Cattaneo
CEO & President
(403) 938-8154
(403) 775-4474 (FAX)
info@canoelenergy.com