STEALTH ENERGY SLH:CN

http://www.stealthenergy.ca/

Water And Co2 Flood At Teapot 2010-03-04 Stealth Energy Inc. (the “Company”) is pleased to report that it has now received a preliminary proposal from the U.S. Department of Energy with respect to the introduction of both a water and CO2 flood at the U.S. Naval Petroleum Reserve #3 that is the adjoining and immediate neighbour to the Company’s Teapot Dome property in Wyoming, USA. The proposal incorporates the proposed injection site and will be followed up by more definitive documentation in the near future. The Company geologist, Jeff Wingerter is now in ongoing discussions as to the timing for the implementation that is anticipated to commence late spring of this year.

Focused on building shareholder value.

 

Management Team

Robert Gardner Q.C.

Chairman of the Board

Mr. Gardner has served on the boards of several public mining companies and specializes in acquisitions. He was educated at Cambridge University and is called to the Bars of British Columbia, England and Wales.

John Campbell

CEO / President

Has been involved in the O&G exploration in the private sector for the past 5 years with particular emphasis in the states of Wyoming and Montana.

R. Stuart Angus

Director

Mr. Angus is an independent senior business adviser to the mining industry. He was most recently Managing Director - Mergers and Acquisitions for Endeavour Financial. Prior to joining Endeavour Financial, he was a partner at the Canadian law firm Fasken Martineau DuMoulin and headed that firm's global mining practice. For over 25 years, Mr. Angus has focused on significant international exploration, development and mining ventures, and all aspects of their structuring and finance. Mr. Angus is also presently a director of Nevsun Resources Ltd. and Plutonic Power Corp.

Brian Smith Q.C.

Director

Mr. Smith is a practicing lawyer with Gowlings, Lefleur, Henderson, LLP of Toronto, Ontario. He is the past Minister of Energy and Mines, past Education Minister and past Attorney General of the Province of British Columbia, Canada, and is also past Chairman of BY Hydro and past Chairman of Canadian National Railways.

Michael Farley Ph.D.

Director

Investment banker based out of Geneva, Switzerland and Montreal, Canada. Was a diplomat for the Canadian Government prior to involvement in both the private and public financial sectors.

Yuling Zhou

Director

Ms. Zhou graduated with a Master of Economics degree in Wuhan University, China in 1999. After graduation, she worked at Hu Bei Securities Company as a securities analyst and became a director in 2000. Between 2000 and 2004 she was a director of Yin He Securities Company in Shenzhen City, China, specializing in corporate finance. Since 2003 she has continued to work with senior financial institutions in cities in mainland China and Hong Kong.

David Yue

Director

Mr. Yue is an international financier residing in Canada, specializing in funding start-up and junior companies in Hong Kong and North America. During the last 20 years in Canada, he has been active with his own private enterprises in sizeable real estate and infrastructure developments in China and Canada. In addition, he has been the founder and director of several TSE listed resource companies.