VANCOUVER, British Columbia, Nov. 20, 2006 (PRIMEZONE) -- Irwin Energy Inc. (Pink Sheets:IWNE) has announced that the company has gone through a restructuring process that includes a name change, a 250 to 1 stock rollback and a change of management. Irwin Energy Inc. is changing its name to Irwin Resources Inc. (Pink Sheets:IWRS). The current management team has resigned to make way for a new team. The company is pleased to announce that the new President and a director of Irwin Resources Inc. is Mr. George Stefanopoulos.
About Irwin Resources Inc.
Irwin Resources is a junior resource company based in Vancouver, B.C. Irwin Resources engages in the acquisition, exploration and development of resources properties with the intent to prove up mineral deposits. Irwin Resources seeks out low-risk opportunities to develop positive cash flow from proven and probable resource properties where prior exploration has been successful. Irwin Resources plans to grow exclusively through the efficient reinvestment of its internally generated cash flow and through limited external financing, which it plans to utilize to build ancillary businesses.
Safe Harbour Statement Under the Private Securities Litigation
Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings.