The board of directors of Petrodorado Energy Ltd. has accepted the resignation of Mr. Gregg Vernon as Interim President and CEO as well a director of the company, effective immediately. The board of directors announced that Mr. Chris Reid has been appointed as Interim President and CEO and that Mr. Peter Yates has been appointed as a Director of the company, effective immediately. Mr. Reid is currently serving as the Vice President of Finance and CFO.

Mr. Reid will carry out the responsibilities of his new role in the company with the support of Mr. Brian Smith, Vice President of Operations, who has extensive experience in the Colombian oil and gas space. Mr. Yates is a partner at Dentons Canada LLP, counsel for the company, and has been corporate secretary of the company since 2011.