Irwin Energy Inc (fka IWNE)

[Mr. Zen]

Announces Board Restructuring July 24/06

VANCOUVER, BC, Jul 24, 2006 (MARKET WIRE via COMTEX) -- Irwin Energy, Inc. (the Company) (PINKSHEETS: IWNE) today announced that Dr. Erwin Liem is retiring and has offered the Board his resignation as Chairman and Director. The Company also announced the appointment of Dr. Werner F. Grieder, currently Irwin's Vice Chairman, to the position of Chairman of the Board. The Company would also like to announce the appointment of Mr. Gordon Leblanc to position of Vice Chairman of the Board.
Mr. John Gaetz, President and Director of Irwin Energy stated, "Dr. Liem has done an excellent job as Chairman, helping the Company to structure an outstanding management team and to execute a compelling acquisition strategy, which includes the Company's wholly-owned interest in Big Cat Explorations, the Arizona based Concho Dome oil and gas projects, and the recently announced LOI to acquire 100% of Brimestone Mining, Inc. On behalf of the Board of Directors, I wish to thank Dr. Liem for his invaluable contribution to Irwin Energy."

Mr. Gaetz added, "We are very pleased to announce these appointments to the Board. Dr. Grieder and Mr. Leblanc are exceptional leaders who will immediately complement the previous efforts of Dr. Liem to help ensure our long term success."

About Irwin Energy

Irwin Energy, Inc., based in Vancouver, B.C. was founded for the purpose of engaging in the exploration, acquisition, development and production of crude oil and natural gas, and related activities. In the oil and gas arena, Irwin Energy seeks out low-risk opportunities to develop positive cash flow from proven and probable oil and gas plays. Irwin Energy plans to grow exclusively through efficient reinvestment of its internally generated cash flow in exploration and production operations, and through limited external financing to build ancillary businesses.

Safe Harbour Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.

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SOURCE: Irwin Energy, Inc.





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