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Toronto; 23 April 2015 — Phoenix Canada Oil Company Limited (TSXV: PCO & OTC BB:PHXCF) today announces the appointment of Mr. Michael D. Kindy, CPA, CA as Chief Financial Officer of Phoenix Canada Oil Company Limited.

Michael D. Kindy previously served as Acting Chief Financial Officer of Phoenix Canada Oil Company Limited from October 01, 2012 to October 27, 2014.

Mr. Kindy brings extensive experience in the financial management of publicly traded companies. He was a Partner in a distinguished public accounting firm in Toronto from 1990-1995, at which time he initiated his own public accounting practice and financial consulting firm.

Mr. Kindy is a Chartered Accountant and holds a Bachelor of Mathematics degree from the University of Waterloo.

About Phoenix:
Phoenix Canada Oil Company Limited primarily focuses on developing clean energy solutions based on water-derived hydrogen. The company, through its subsidiary, Phoenix International Energy Inc., holds rights to a patented, proprietary hydrogen gas generation technology. It is engaged in the development of RaHydro Splitter, a molecular machine that mimics photosynthesis by utilizing visible light to dissociate hydrogen from ordinary water; and the research and development of synthetic hydrocarbon fuels made from water-derived hydrogen. The company is also developing its proprietary catalytic Synfuel technology that captures and converts carbon dioxide, as well as generates a low to nil pollution alternative to crude petroleum-refined liquid transportation fuels. In addition, Phoenix Canada Oil Company Limited has minority interests in mature gas fields in western Canada. The company was incorporated in 1944 and is headquartered in Toronto, Canada.

For further information — Contact:
S. Donald Moore, President
T: 416.368.4440

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.