VANCOUVER, British Columbia, March 24, 2023 (GLOBE NEWSWIRE) — VANCOUVER, British Columbia, March 24, 2023 — Pulse Oil Corp. (“Pulse” or the “Company”) PUL announced today that Drew Cadenhead is stepping down as President of the company while continuing to serve as a valued member of Pulse’s Board of Directors.

Pulse CEO Garth Johnson commented, “We thank Drew for all his efforts as President of Pulse since our inception in 2015. Drew and I founded this company eight years ago with a single purpose: to execute an oil opportunity that… we identified in the Bigoray area We weathered the toughest times of our long professional association with this project, but we persevered and together with our supportive investor base, our goal of completing the start-up of the solvent injection process is now a reality on our 100% proprietary Bigoray Enhanced Oil Recovery Project. Drew is an important part of the team that has helped Pulse solve global challenges and we are now able to see the results of that effort. Importantly, we are all pleased that Drew will remain on the board of directors and that he will continue to provide his four decades of oil and gas experience to our entire team as we continue to grow Pulse’s assets.”

About Pulse

Pulse is a Canadian company incorporated under the Business Corporations Act (Alberta) primarily focused on a 100% working interest enhanced oil project in west-central Alberta, Canada. The project comprises two established Nisku Pinnacle Reef reservoirs that have been producing sweet light crude oil for over 40 years. The Company has implemented a proven recovery method (NGL Solvent Injection) to further improve the ultimate oil recovery from these two proven pools. With less than 10 million barrels of oil to date representing approximately 30% recovery factor from the pools, Pulse is progressing to complete the EOR project and deliver significant value to…