The board of directors of Maverick Drilling & Exploration Limited announced the appointment of J. Michael Yeager appointed as CEO and Executive Chairman, effective October 15, 2013. The appointment of Yeager allows Don Henrich, the current executive chairman, to retire from his executive capacity. Mr. Henrich will assist with the transition of Yeager and leave his executive capacity on November 1, 2013, transitioning to a Non- Executive Director role.

Simmons, Executive Director, will also assist with the transition and will leave the company on same date. Simmons will retire from the board of directors as of October 15, 2013.