EuroGas Inc. announced that it has appointed Mr. Harald Schmidt to the Board of Directors and Executive Vice President. Mr. Schmidt will direct the company's operations in North America, and will also assist in managing the company's operations in Europe. Mr. Schmidt is based in North America and Germany. From 1983-1986 he held the position as head of MIS (Management Information Services) at Raychem-Germany GmbH and headed intercompany logistics projects at Raychem Corp. Brussels and Menlo Park, CA.

EuroGas Inc. announced that resignation of Eberhard (Ed) Mueller as a director of the company was accepted effective April 6, 2009. Mr. Mueller explained to the Board that, as a result of certain obligations to other companies, he must, at least temporarily, resign from the Board, in order to avoid any potential conflicts of interest or perceived conflicts of interest. Mr. Mueller has expressed interest in returning to the company's Board at such time as he has been released from his obligations, and at the appropriate time, the Board will be pleased to accept Mr. Mueller as a Board member. The company also announced that effective April 27, 2009, the company's board of directors adopted Amended and Restated bylaws.

EuroGas Inc., Annual General Meeting, May 22, 2009, at 10:00 Eastern Daylight. Location: Dundee Corporation, Main Boardroom, 28 th Floor, 1 Adelaide Street East, Toronto, Ontario, Canada. Agenda: To receive the audited consolidated financial statements of the company for the financial year ended December 31, 2008 together with the auditors' report thereon; to elect directors of the company for the ensuing year; to appoint the auditor of the company for the ensuing year and to authorize the directors to fix the remuneration thereof; and to transact such other business as may properly come before the Meeting or any adjournment(s) thereof.