HOUSTON, Feb. 8, 2006 (PRIMEZONE) -- Stonebridge Resources Exploration, Ltd. (Pink Sheets:SBRX) announced today that Dr. Steve Van Hauen Jr. PhD., has been elected to the board of directors and will assume the Chairmanship effective immediately. Dr. Van Hauen will be instrumental in directing the implementation of the company's new oil and gas exploration and development of petroleum business strategy.
Dr. Van Hauen has 27 years experience in the oil and gas exploration and production industry with his most recent position as President and CEO of PaZone Exploration, Inc. Previously Dr. Van Hauen was CEO of Santa Fe Investment Corporation and he has worked with several Fortune 500 companies. Dr. Van Hauen is a graduate of Oklahoma State University with degrees in Finance and Accounting.
"I am delighted about joining the board of directors at Stonebridge Resources Exploration, Ltd.," stated Dr. Van Hauen. "With the development of funding sources, we will be able to enhance shareholder value through the acquisition and development of oil and gas reserves, which will favorably augment cash flow."
Harold Pizel, the President of Stonebridge Resources Exploration, Ltd., stated, "I am very pleased that Dr. Van Hauen has joined our company and I am encouraged with the depth of experience that he brings. His years of experience will be invaluable in bringing new oil and gas leases into full production."
About Stonebridge Resources Exploration, Ltd.
Stonebridge Resources Exploration, Ltd. has embarked on a new direction which is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus has shifted to aggressively acquiring working interests in crude oil and natural gas properties. The company intends to use modern development methods along with improved drilling technologies to increase well production by up to 500%. The company's goal is to achieve a high return on its investment by limiting its acquisition costs and by practicing sound and intelligent approaches to oil and gas exploration and development.
Safe Harbor
The foregoing contains forward-looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, such words as "may," "will," "believes," "estimates," "continue," or comparable terminology intends to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors stated in the Company's filings with the Securities and Exchange Commission.