Brookwater Announces New Chief Financial Officer

CALGARY, ALBERTA--(Marketwire - Nov. 28, 2012) - Brookwater Ventures Inc. (TSX VENTURE:BW) is pleased to announce that it has appointed Mr. Sam Yik as Chief Financial Officer of the company.

Mr. Yik is a chartered accountant with over 20 years of diversified business experience in areas of accounting, finance, corporate development, marketing, and logistics, with focus primarily in the resource sector. Mr. Yik graduated from the University of British Columbia and is a member of the Institute of Chartered Accountants of British Columbia. Mr. Yik obtained his CA designation while articling with the Vancouver office of KPMG and is also a member of the CICA's (Canadian Institute of Chartered Accountant) Small Business Advisory Group.

Mr. Yik has been directly involved in the resource industry for a number of years and has held senior financial, commercial, and operational positions with exploration and commercial production stage companies publically listed in Canada and the United States. Mr. Yik also spent 11 years with a large public petro-chemical company, where his roles served increasing responsibilities in reporting, marketing, logistics, and commercial management in an international setting.

About Brookwater:

Brookwater Ventures Inc. is a Canadian independent oil exploration company focused on growing its asset base primarily in Brazil.

Forward-looking information

This news release contains forward-looking information relating to the company's growth and corporate strategy, and other statements that are not historical facts. Forward-looking information relates to management's future outlook and anticipated events or results, and may include statements or information regarding appointment of officers and the future plans or prospects of the company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

Forward-looking information is subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what is currently expected. These factors include risks and uncertainties associated with oil and gas exploration, development, exploitation, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.