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Aragon Readies for Production and Completes Acquisition Transition with Appointment of New Management
Aragon Readies for Production and Completes Acquisition Transition with Appointment of New Management

Zurich, Switzerland, October 14th, 2009

Aragon Energy AG (FRT: EEN) is pleased to announce the appointment of Corey Daugherty as their new Director of Operations and Marcel Maurer to the Company’s Board of Directors, as Aragon prepares to commence production on its first Oil property and completes its acquisition transition.

The Company recently acquired a 3 property package and has been re-working and upgrading the 1st property to re start production at an increased output rate.

Chief Executive Officer Brian Kennedy said “These appointments are timely as the Company is now in the final completion stage of its re work program on the Kemp property. With the addition of Corey we now have a qualified, hands on individual that can be dedicated to manage our day to day operational and production activities as we plan to re start production on this property in the next few weeks.

Furthermore the addition of Marcel to our Board of Directors completes our management transition of our acquisition and brings to the company a very seasoned business executive who will add value to the Company and has the skill set necessary to serve as a Director and represent our shareholders effectively. We are very pleased to add these 2 fine executives to our team”

Mr. Dauherty has over 10 years of hands on experience in the Oil patch. He has owned and managed an Oil operating and services company. His experience spans Geological, management of rig crews and well work over, production supervision, which included keeping wells in production, production collection systems and reporting. This experience has allowed Mr. Daugherty to manage a number of Oil field projects from start to successful completion.

As Director of Operations he will be responsible for increasing the Company’s Oil and Gas reserve values and manage the day to day operational field activities to bring these properties into production.

Mr. Maurer brings to the company over 20 years of senior Corporate experience with an emphasis on strategic planning, business development and global account management. He has served on other boards and was previously Global Business Director at Reuters SA where he was a member of the Swiss Management Team with responsibility for the overall business relationship with UBS. Mr. Maurer currently owns and operates Maurer Business Solutions GmbH, a business consulting services company. He holds a Masters degree in Business Administration.

As a Director he will represent shareholders, and participate on the Company’s audit committee and in corporate governance initiatives.

As part of the Acquisition and management reorganization phase, Corey Daugherty and Marcel Maurer replaces Cameron Cravey and Louis Philippe Antunes respectively. The Company wishes to thank them for their assistance and cooperation during this acquisition transition phase.

About Aragon Energy

The company acquires properties with previously discovered known oil and gas reserves that have not been fully developed or defined and can provide an upside potential with additional investment.

Through the deployment of certain technologies and methods, Aragon brings back to production abandoned previously producing wells and performs additional development and drilling phases to further define the reserves to a proven producing state. The goal is to clean up and develop qualified bookable reserves on properties that have been left behind, resulting in a better utilized, cleaner and maintained environment while adding increased value to our shareholders.

Currently, 3 Projects have been acquired, all of which are located in Texas, USA. The development of the 1st project is nearing completion and being readied for production.

For further information contact:

Brian Kennedy

Chief Executive Officer
416 567 5643

Information presented in the Press Release constitutes neither an offer to buy or sell securities and contain “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any Statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.”

Corporate Office: Sihleggstrasse 23 8832 Wollerau, Switzerland, Field Operations: 123 E. Market St., Mabank, Texas USA, 75147

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