U.S. Markets closed

Twoco Petroleums Ltd. Announces Appointment of Receiver and Resignation of Officers

CALGARY, ALBERTA--(Marketwire - Mar 1, 2013) - Twoco Petroleums Ltd. ("Twoco") (TSX VENTURE:TWO) announces that PricewaterhouseCoopers Inc. has been appointed to act as receiver and manager of Twoco by the Court of Queen''s Bench of Alberta. The officers of Twoco, Wayne A. Malinowski, President and Chief Executive Officer and Timothy A. Bashforth, Vice President Exploration, Secretary and Treasurer, have resigned their respective positions.

For further information, please visit the PricewaterhouseCoopers Inc. website at www.pwc.com/car-twoco.