MCW ENERGY GROUP APPOINTS EXPERIENCED CHIEF EXECUTIVE OFFICER TO TRANSFORM THE COMPANY INTO A FULLY INTEGRATED ENERGY OPERATION

October 17th, 2011: Shediac, New Brunswick, Canada/Frankfurt, Germany: MCW
Energy Group, listed on the Open Market of the Frankfurt Stock Exchange, is pleased to announce the appointment of Dr. R Gerald Bailey as its new Chief Executive Officer MCW, a Canadian holding company involved in oil production/distribution and oil sands recovery technology.

Dr. Bailey, P.E., has been appointed Chief Executive Officer of MCW Energy
Company and its two portfolio companies: the California-based MCW Fuels (formerly McWhirter Distributing Company), established in 1938, a leading distributor of branded and unbranded gasoline and diesel products throughout the western United States, and MCW Oil Sands Recovery, LLC, an oil sands extraction technology company with an oil sands lease and proprietary oil sands extraction technology based in Utah.

Dr. Bailey has had extensive experience in the oil resource sector, with over 45 years experience in the petroleum industry, which includes the position of President of Exxon-Arabian Gulf, responsible for Exxon’s interests in the Gulf Region. His background covers all facets of the oil business with assignments in engineering, management and executive positions in both upstream and downstream sectors. He is currently Chairman of Bailey Petroleum, LLC, BCM Energy Inc., Well Grounded Energy Inc. and Vanguard Energy Corp.

His former positions include Director of Exxon Qatar, Director of Abu Dhabi Onshore Oil Company, Assistant General Manager Abu Dhabi Onshore Oil Co., and Operations Manager of Qatar General Petroleum Corp., (Dukhan & Umm Said Operations). Dr. Bailey has also held various positions in the oil development sector in Qatar, Aruba and Libya. Dr. Bailey holds a PhD Degree from Columbia Pacific University, San Rafael, CA, Engineering Doctoral Studies, Lamar University, Beaumont, TX, MS Chemical Engineering, New Jersey Institute of Technology, Newark, NJ and BS Chemical Engineering University of Houston, TX. He is the author of a number of industry technical papers/articles, including “The Future of Oil & Gas Developments,” 2010.

Dr. Bailey will play a key role in implementing MCW’s plans to integrate its steadily growing fuel distribution enterprise with an emerging, proven oil sands extraction technology company. The Company’s management team is confident that with Dr. Bailey’s extensive industry experience, it is much closer to achieving its vision and goals of becoming one of North America’s leading vertically-integrated oil and gas companies.

For more information, please visit the corporate website: www.mcwenergygroup.com

The information does not constitute an offer of or an invitation by or on behalf of MCW Energy Group or any of its subsidiaries to subscribe for or purchase securities of MCW Energy Group or any of its subsidiaries, but is provided as
a matter of record only.

In particular, the information contained does not constitute an offer of securities for sale or solicitation of an offer to buy securities in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

About the MCW Energy Group:
MCW Energy Group is a Canadian holding company with two principal portfolio companies: the Californiabased MCW Fuels, established in 1938, a leading distributor of branded and unbranded gasoline and diesel products throughout the United States, and MCW Oil Sands Recovery, LLC, an oil sands extraction
technology company based in Utah, which is focusing on providing a new source of domestic oil from America’s virtually untapped oil sands resources. With an ongoing production of oil from its oil sands leases, MCW intends on becoming a profitable supplier of oil to several regional refineries. This new domestic source revenue will provide strategic leverage for MCW through direct control of oil pricing and supply within its core distribution network.

North American Investor Relations Contact:
Paul Davey,
MCW Energy Group
334 Main St., Suite 101
Shediac, NB, E4P 2E5 Canada
Tel.: 001 (800) 979-1897
Fax: 001 (866) 571-9615
Mail: info@mcwenergygroup.com

Germany/Europe Investor Relations Contact:
Jörn Gleisner
Tel.: +49 (0)69 95 90 83 20
Fax: +49 (0)69 95 90 83 99
Mail: j.gleisner@financial-relations.de

This release was published on openPR.