May 25, 2010 10:14 ET

Treaty Energy Announces Leadership Changes

Andrew Reid, President, Appointed to Additional Roles of Chairman & CEO; Gerard Danos, Corporate Secretary, Appointed COO and Director; Paul L. Fourt, Jr. Appointed to Director

HOUSTON, TX--(Marketwire - May 25, 2010) - Treaty Energy Corporation (OTCBB: TECO), a growth-oriented energy company in the oil and gas industry, announced that its President, Andrew V. Reid, has been appointed its Chairman and CEO, following the resignation of Randall Newton from these roles. Mr. Newton will remain on the Board of Directors and will continue to provide accounting services to the Company.

The Board has appointed Gerard Danos, its Corporate Secretary, to serve in the additional roles of Chief Operating Officer (COO) and Director of the Company.

In addition, the Board appointed Paul L. Fourt Jr. as an independent Director, bringing the total number of Directors to five.

Treaty Energy is proud of the leadership team that has been brought together to grow the Company. A brief review of each of our Officers and Directors is as follows:

ANDREW V. REID, Chairman, CEO and President.
Andrew V. Reid has served as President and Director of Treaty Energy Corporation since March 2010 and was appointed to serve in the additional roles of Chairman and CEO of the Company since April 2010.

Mr. Reid has more than 20 years of corporate finance and management experience. In 2006 Mr. Reid started NOLA Commercial Finance Inc., a commercial finance company. During the past 4 years he has focused on helping small regional Oil & Gas companies with debt and equity funding. He has helped fund in excess of $50 million for various types of income producing properties.

In 1998 Mr. Reid started his own investment firm where he focused on the Oil & Gas Industry. In 2004 he sold the business to spend more time with family, but continued to do consulting work.

Mr. Reid grew up in Houston, Texas and went on to attend St. Edward's University and the University of Texas in Austin. After college, he joined the GMS Group LLC in Houston, a small boutique investment firm his father helped found. There Mr. Reid specialized in municipal and corporate debt finance, mergers, and restructurings.

GERARD DANOS, Chief Operating Officer (COO), Corporate Secretary and Director.
Gerard Danos has served as Corporate Secretary of Treaty Energy Corporation since March 2010 and was appointed to serve in the additional roles of Chief Operating Officer and Director since May 2010.

Mr. Danos, a private investor for more than seven years, brings a breadth of skills and knowledge in building and growing companies to the Treaty management team. Most recently, he served as Owner/Principal at St. Catherine's Hospice, LLC where he helped guide the company from a startup company to one of the region's leading hospice providers. Prior to this, Mr. Danos served as Vice President / Director for Medico, LLC., a subsidiary of Magnolia Management Corporation, a privately held company, which operates 65+ long term care facilities throughout Louisiana and Mississippi. Mr. Danos received his Bachelor's Degree from Louisiana State University, Baton Rouge, LA. 

PAUL L. FOURT, JR., Director
Paul L. Fourt, Jr. has served as a Director of Treaty Energy Corporation since May 2010.

Mr. Fourt is currently Managing Partner of the Law Offices of Paul L. Fourt, Jr. of Brownsville, Texas, a general practice law firm with a main focus on civil and criminal litigation. From 1999 to 2000 Mr. Fourt served as an Assistant District Attorney in the Dallas County District Attorney Office.

In prior years, Mr. Fourt was affiliated with a number of Texas law firms, and handled a wide spectrum of legal cases, giving him the broad legal credentials that have prepared him for his current responsibilities.

Mr. Fourt has a J.D. Degree from Oklahoma City University School of Law and a B.A. Degree in History from the University of Texas at Austin.

DAN OLSON, Director
Dan Olson joined Treaty Energy as an independent Director in October 2009.

Mr. Olson has over 30 years of experience in both public and private business, and was a co-founder of Small Cap Consulting, LLC in 2004.

Mr. Olson's focus over the years has been on startup and developmental companies. His ability to guide companies on achievable goals and then see those goals completed has taken him into various business sectors. The implementation of his management strategies has led many companies from concept to reality.

Mr. Olson has managed, owned, and served as a Director of both private and public companies. He has also spent a portion of his career in mentoring Chief Executive Officers. He holds a post graduate degree in Economics from North Dakota State University. 

RANDALL NEWTON, Director
Randall Newton has served as a Director since July 2009 and served as Chairman of the Board and CEO from July 2009 until April 2010.

Mr. Newton is a CPA with a background in corporate finance, SEC filings, strategic planning, mergers and acquisition modeling and analysis, corporate governance and compliance under Sarbanes-Oxley that is complemented by early experience in the financial side of oilfield transportation and international joint ventures in oil & gas exploration.

From 1998 to present Mr. Newton has been the principal of Newton Collaboration, LLC, a Houston Texas-based firm that provides accounting, governance and information systems consulting services to private and public companies, and provided such services to Treaty Energy since its inception. Prior to 1998, Mr. Newton served as corporate controller of Peak USA Energy Services Ltd. of Houston, where he created the Finance Department for a spinoff oilfield transportation joint venture for Nabors Drilling, the world's largest land-rig company and Chesapeake Energy.

Earlier, Mr. Newton was the CFO and Project Manager for Russian-American Oil & Gas Joint Ventures. He was responsible for the implementation of a Joint Russian/GAAP general ledger system that was administrated totally by Russians. He prepared and defended a $200 million operating and capital budget and supervised a Russian accounting staff of fifty.

Randall Newton received a BBA degree in Accounting and Finance from the University of Texas, and is fluent in Russian, Spanish and French.

Gerard Danos, recently appointed COO and Director, commented, "I'm very excited to join Treaty Energy at this time. Treaty is uniquely positioned to become a major player in the energy sector both domestically and internationally and our management team is poised to grow this company significantly over the next several years."

Andrew V. Reid, Chairman, CEO and President of Treaty Energy Corporation, stated, "We are rapidly moving into a fresh and exciting growth phase in the life of Treaty Energy. We are making fine progress with our Kansas, Louisiana, Tennessee and Pennsylvania oil & gas leases and we expect to be in production of oil on our Tennessee lease within weeks." 

Mr. Reid added, "The recent signing of the oil & gas joint venture with Princess Petroleum Limited in Belize, Central America, is of major importance to Treaty. This project has rightfully brought our company to the attention of the oil and gas world markets."

Mr. Reid added further, "The restructuring of our management team, with the addition of Gerard Danos and Paul Fourt to the Board, positions us to handle the many challenges that lie ahead, as we move Treaty Energy forward to becoming a serious contender in the energy sector over the next few quarters."

About Treaty Energy Corporation
Treaty is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration. Treaty's headquarters is located in Houston, Texas. For more information go to: www.treatyenergy.com

Forward-Looking Statements:
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the Company's filings with the Securities and Exchange Commission, including Forms SB-2, 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.