News Column

Tuscany International Drilling Inc. Announces Officer and Director Resignation

Dec 12 2012 12:00AM

Marketwire

LogoTracker

CALGARY, ALBERTA -- (Marketwire) -- 12/12/12 -- Tuscany International Drilling Inc. (TSX: TID) (COLOMBIA: TIDC) ("Tuscany" or the "Company") announces today that Reg Greenslade, President, CEO and a director of the Company, has submitted his resignation, effective February 3, 2013, in order to pursue other business opportunities.

The Board of Directors of Tuscany wishes to thank Mr. Greenslade for his invaluable contribution to the Company over the last 5 years and wishes him much success in his future endeavours. Mr. Greenslade will be with the organization until February 3, 2013 in order to assist with a smooth transitioning of his responsibilities.

About Tuscany

Tuscany, a corporation headquartered in Calgary, Alberta, is engaged in the business of providing contract drilling and work-over services along with equipment rentals to the oil and gas industry. The Company is currently focused on providing services to oil and natural gas operators in South America and Africa. Tuscany has operating centers in Colombia, Brazil, Ecuador and France.

The listing of Tuscany's common shares on the Colombian Stock Exchange does not imply a certification by the BVC of the value or the solvency of Tuscany.

Forward-looking Statements

This news release includes information about the Company's expectations for the future and, in particular, the Company's expectation that Mr. Greenslade will remain with the Company in a transitionary role until February 3, 2013. Forward looking information is frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "intend" and similar words referring to future events and results. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Such factors include delays or an inability to find a successor or a desire on the part of the departing officer to shorten his transitionary time. Readers are cautioned not to place undue reliance on this forward-looking information as actual results may differ materially from those expressed or implied in the forward looking information. Tuscany does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

The Toronto Stock Exchange has not reviewed, nor does it accept responsibility for the adequacy or accuracy of this release.



Contacts:
Tuscany International Drilling Inc.
Walter Dawson
Executive Chairman
(403) 265-8258
(403) 265-8793 (FAX)

Tuscany International Drilling Inc.
Matt Moorman
CFO
(403) 265-8258
(403) 265-8793 (FAX)

Tuscany International Drilling Inc.
1950, 140-4th Avenue S.W.
Calgary, Alberta
www.tuscanydrilling.com





Source: Marketwire