Petromin Resources Appoints Jinwei Julie Xu as Chief Financial Officer
Petromin Resources Appoints Jinwei Julie Xu as Chief Financial Officer

Friday, 06 November 2009

Petromin Resources Ltd. ("Petromin") (TSX.V:PTR): Petromin is pleased to announce the appointment of Jinwei Julie Xu, CGA to the position of Chief Financial Officer (CFO) effective immediately.

Ms. Xu brings to Petromin a solid reputation in both domestic and international business as an administrator, accountant and financial manager. Her recent professional experience includes serving as a Director of Hollingport Ventures Inc., a Vancouver-based company listed on the Toronto Venture Stock Exchange. Currently, Ms. Xu is responsible for the accounting department of Petromin where she manages the company's oil and gas accounting, financial reporting and compliance commitments and works with senior executives and the Board of Directors developing short term & long term financial strategy . Her oil and gas experience includes project financial oversight analysis for potential oil and gas acquisitions and due diligence coordination for properties in Alberta. Petromin has operating oil and gas interests in Canada and participates in an enhanced coalbed methane pilot project in China.

Ms. Xu also provides accounting and financial support to TerraWest Energy Corp. (TWE) as part of the management services provided by Petromin to TWE.

"We are extremely pleased to have Ms. Xu in the Company and to see her progress professionally to the position of CFO. Julie's professional background and strong management skills add tremendous value to Petromin's current business and will contribute to the advancement of our future endeavours. Her fluency in both English and Mandarin make her an invaluable asset in the sustainability of our international business," stated Mr. Ross Gorrell, President and CEO of Petromin and co-chairman of the Board of Directors.

Ms. Xu received her Canadian Certified General Accountant (CGA) designation in 2009 and is a graduate of East China Normal University where she received Bachelor and Masters degrees. In 2001 and 2002, Ms. Xu was a visiting scholar at the University of British Columbia (UBC).

Previous to joining Petromin in 2006, Ms. Xu worked as an Associate Professor at East China Normal University in Shanghai, China, and was editor of an academic journal in China. As a noted academic, Ms. Xu has extensive experience and background in monitoring and analyzing China's economic development, regulatory issues and government organization that will assist Petromin's understanding of China and the company's expansion into the Chinese market.

About Petromin Resources

Petromin Resources is a progressive international petroleum and natural gas exploration and production company listed Tier 1 on the TSX Venture Exchange. Petromin is a major shareholder in TWE and provides professional services under the terms of a management agreement with TWE.

Petromin was ranked 24th of the Top 100 Fastest Growing Companies in BC by Business in Vancouver in 2009 based on a 704% revenue increase over the past 4 years.

SOURCE Petromin Resources Ltd.

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