World Oil Resources Ltd. (World Oil or the Company) advises that Craig Donald Mathieson and Paul Salter have been appointed directors of World Oil with effect from 14 June 2013. Messrs John Ceccon and Christopher Manie have resigned as directors of World Oil with effect from 14 June 2013. Craig Donald Mathieson is the Chief Executive Officer of The Mathieson Group.

Previously, he was the Managing Director of Don Mathieson & Staff Glass Pty Ltd, which was a leading Australian downstream value-added processor and distributor of flat glass prior to its acquisition by CSR in 2007. Paul Salter is the Managing Director and CEO of MAP Capital Advisors (MAP Capital).