CALGARY, ALBERTA--(Marketwire - Dec. 21, 2012) - Veraz Petroleum Ltd. ("Veraz") (TSX VENTURE:VRZ.H) announced that Gerardjan (Oppe) Cosijn, Trevor Mitzel, Thomas Valentine and Enrique J. Lõpez de Mesa have resigned from Veraz's board of directors and that Len Davies, Allan J. Fabbro and Ian C. Stuart have been appointed as new directors of Veraz. As a result, Veraz's board now consists of Messrs. Paul R. Baay, Davies, Fabbro and Stuart.

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.

Contact Information:

Veraz Petroleum Ltd.
Paul Baay
(403) 992-8407