Two New Members Join Adira Energy’s Board

Adira Energy Ltd.(TSXV:ADL) announced the addition of two new members to its board. The new members replaced Mr.Eli Barkat and Ms.Yael Reznik.

As quoted in the press release:

Mr. Jeffrey E. Walter and Mr. Richard P. Crist have been appointed to the Company’s Board of Directors effective today, July 6, 2012. Mr. Walter and Mr. Crist replace Mr. Eli Barkat and Ms. Yael Reznik Cramer whose resignations were effective and were accepted by the Company on July 6, 2012.

Adira, Chairman, Dennis Bennie, commented:

We are most fortunate to have Richard Crist and Jeffrey Walter join the Board of Adira Energy. Their combined business and technical experience in the oil and gas industry with many international E+P companies will be a major contribution to Adira Energy as the Company continues forward with the prospectus financing and prepares for the drilling of its offshore licenses. Mr. Bennie continued: “I would also like to thank Eli Barkat and Yael Reznik Cramer for their significant contribution to Adira’s growth during their tenure.

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