Angle Energy Inc. Announces Director Retirement

CALGARY, ALBERTA--(Marketwire - Nov. 1, 2012) - Angle Energy Inc. ("Angle" or the "Company") (NGL.TO)

Ms. Noralee Bradley, Chairman of the Board of Angle Energy Inc. wishes to announce the retirement of Mr. Clarence Chow from Angle's Board of Directors effective today. Mr. Chow joined the Board in 2004 in connection with a significant investment in the Company through a group of investment funds managed by Mr. Chow. During his tenure Mr. Chow has served on the Audit Committee and most recently, on the Reserve Committee and the Environmental, Health & Safety Committees. On behalf of the Board of Directors and Angle management, we extend our appreciation and gratitude for Mr. Chow's investment in, and contributions to, the Company.

"Clarence served an important role on the Board including advice on capital and operating efficiencies and guidance on capital markets and we all wish him continued success in his future business endeavours" said Ms. Bradley.

Angle Energy Inc. is a Calgary based public oil and gas exploration and development company that was incorporated in 2004. Angle's goal is to grow our high quality, focused asset base through a combination of drilling and strategic acquisitions. Angle's business plan is to continue to focus on cash flow per share growth, using its optionality in the asset base between light oil, natural gas and NGL oriented projects to achieve this. Angle's proven and dedicated team of industry specialists are focused on identifying and developing high quality assets in the Western Canadian Sedimentary Basin, with an emphasis in west central Alberta. Common shares of Angle are listed for trading on the Toronto Stock Exchange under the symbol "NGL."