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June 11, 2011
AVERE ANNOUNCES MANAGEMENT CHANGES INCLUDING APPOINTMENT OF GREGORY RENWICK AS PRESIDENT AND CEO, AND GRANT OF STOCK OPTIONS

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. AVERE ANNOUNCES MANAGEMENT CHANGES INCLUDING APPOINTMENT OF GREGORY RENWICK AS PRESIDENT & CEO, AND GRANT OF STOCK OPTIONS 

 

Avere Energy Inc. has appointed Gregory Renwick and James L. Harris directors of the company in place of Quinton Rafuse and Richard Wadsworth, who have resigned from their positions with the company. In addition, Mr. Renwick has been appointed the Company’s President and Chief Executive Officer. Management wishes to thank Messrs. Rafuse and Wadsworth for their contributions to Avere. 

 

Mr. Renwick brings over 30 years of broad, international petroleum experience to the Company. Mr. Renwick began his career with Mobil Oil Canada as a geophysicist. Over the next 25 years, Mr. Renwick held various technical, technical management, and progressively senior management positions within Mobil worldwide. Mr. Renwick has been directly involved in the mapping, the discovery, and development of numerous oil and gas fields in western and eastern Canada, the U.S. Gulf Coast, Saudi Arabia, Indonesia and the Former Soviet Union. Mr. Renwick responsibilities have spanned various disciplines, including geophysics, exploration, field appraisal and development, E&P planning, corporate planning, corporate strategic development, commercial analysis and upstream business development. More recently, Mr. Renwick held the positions of Director, Business Development with Dana Gas PJSC, a gas-value-chain company based in the United Arab Emirates and V.P., Business Development, Centurion Energy International Inc. based in Canada, where he was responsible for upstream and midstream business development activities within the Middle East, North 

Africa, and S. Asia. James L. Harris is a corporate, securities and business lawyer, based in Vancouver, BC, with over 25 years’ experience in British Columbia and internationally. In conjunction with the appointments, the Company has granted stock options to purchase up to 1,800,000 shares at $0.16 for a period of five years. 

 

ABOUT AVERE ENERGY INC. 

Avere Energy Inc. trades on the TSX Venture Exchange under the symbol AVO.H-V. 

 

Avere is an emerging exploration and production company focused on unconventional natural gas resources such as shale gas, coalbed methane and tight sandstone reservoirs. Avere is aggressive in its exploration and evaluation of unconventional natural gas opportunities in North America, providing shareholders with exposure to the continent’s  future energy supply. This strategy will leverage new technologies with our innovative approach to prospect identification and characterization. 

 

Forward Looking Statements: This Company’s news release contains certain “forward looking” statements and information relating to the Company that are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate, environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. 

 

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 NEWS RELEASE.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The Units have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and many not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable states securities laws.