Fremont Petroleum Corporation Limited announced further changes to the composition of its Board and provides an update on production from the Amerigo Vespucci well. Mr. Guy Goudy has taken the decision to resign from the Company in order to pursue other interests. Tim is committed to the success of the Company, he knows the field very well, he has the trust and support of the local operations team and the support of the Board. He will relinquish his role as a Director and assumes a senior executive leadership role focused on operations. After a short tenure, Mr. Nigel Hartley has resigned from the Board, effective immediately. Mr. Hartley has advised the Company of his desire to focus on other interests outside of the oil & gas sector. These changes are in line with Fremont's desire to reduce the size of its Board, and as a second step, attract a respected senior executive with geological expertise that understands the Pathfinder Field and is based in Colorado.