Taipan Resources Inc. announced the appointment of Mr. Stephen Lowden to the Board of the company as a Non-executive Director. Steve Lowden has 28 years of wide ranging experience in international oil and gas exploration, development, production and gas liquefaction with a track record in defining strategy and creating and acquiring new businesses. In 2000 Steve joined Marathon Oil Company as President of Marathon International, Head of Corporate Business Development and an Officer of the Company.

From 2000 to 2005 he led the new growth strategy based on international expansion adding 1 billion bbls of reserves and 100,000 bopd of new production. In 2002 Steve's responsibilities were expanded to include Marathon's Global Integrated Gas (IG) business which included a new LNG production business. Steve is currently founder, CEO and Chairman of NewAge which was launched in mid 2008 and has since helped NewAge to acquire 24 oil and gas concessions in seven countries, discover over 450 mmboe of proven and probable reserves and build a portfolio of prospective reserves of over 2 billion boe.