The Directors of Triple Energy Ltd. announced that Mr. Tommy Cheng, Chairman of BSP, has been appointed to the board of TNP as non- executive Chairman and Mr. Meldrum has resigned from the Board of TNP. Mr. Meldrum will continue to act as a technical consultant to the company. Mr. Cheng, aged 40, is an executive director and chairman of BSP.

From 2003 to 2008, Mr. Cheng was involved in the investment and operations in the gold mining industry in the PRC and had held senior positions in a mining company listed on the Toronto Stock Exchange Venture Board with mining and exploration operations in the PRC. Mr. Cheng is currently an executive director and chief executive officer of New Times Energy Corporation Limited and was an executive director of Grand T G Gold Holdings Limited from November 2008 to June 2009. Following the appointment of Mr. Cheng, Mr. Paul Underwood will remain the company's CEO and Managing Director.