Laredo Oil, Inc. announced that it has added Michael H. Price as an independent member of its Board of Directors bringing the number of Board members to five. Mr. Price has 38 years of senior financial and petroleum experience in the global oil and gas industry. He has been a principal in Octagon Energy Advisors from 2002 to the present.

From 1998 through 2002, Mr. Price was the Chief Financial Officer of Forman Petroleum Corporation. In his early career, he worked as a consulting principal on domestic petroleum engineering and landowner matters.