Brookwater Announces Appointment of New CFO


CALGARY, ALBERTA--(Marketwired - May 15, 2013) - Brookwater Ventures Inc. (TSX VENTURE:BW) has appointed Mr. Paul Bozoki as the Chief Financial Officer of the Company.

Mr. Bozoki is a Chartered Accountant, holds an MBA and has over 15 years of accounting, tax and corporate finance experience. Since October 2010, Mr. Bozoki has served as Chief Financial Officer of several junior resource companies listed on both the TSX and the TSX-V. Mr. Bozoki began his career at Ernst & Young LLP where he spent six years auditing clients predominately in the mining industry.

The appointment of Mr. Bozoki follows the resignation of Mr. Sam Yik as Chief Financial Officer of Brookwater. The management and board of Brookwater would like to thank Mr. Yik for his service and the contributions he has made to the company and wish him well in the future.

About Brookwater:

Brookwater Ventures Inc. is a Canadian independent oil exploration company focused on growing its asset base primarily in Brazil. Brookwater is a part of the Forbes & Manhattan Group of companies.

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 the appointment or resignation of officers 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 forwardlooking 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 forwardlooking 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.

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:

Brookwater Ventures Inc.
Ahmed Said
President & CEO
403-263-3000
asaid@forbesenergygroup.com