Rialto has appointed Mr. Andrew Ian Sinclair to the Board of the Company. The appointment of Mr. Sinclair, aged 40, is to allow Rialto to comply with Australian requirements to have two directors resident in Australia, whilst the Company completes a search for a permanent Australian based Non-executive Director to replace Mr. Jeff Schrull who today stands down from the board with immediate effect.

Mr. Sinclair, who is based in Sydney, Australia, is a founder of Giant Capital, an international investment fund focused on the oil and gas sector. Prior to starting Giant Capital in 2011, Mr. Sinclair had a 16 year career with Macquarie Bank in Sydney, London and Houston and held senior positions with Macquarie's upstream oil and gas investment business in both Houston and London.

Commenting on Mr. Sinclair's appointment, Rialto's Chairman, Bruce Burrows said,"Given the recent management and Board changes, the Company is in a state of transition as it moves to the next stage of its development. The Board is very pleased to welcome Andrew to its ranks. He brings a wealth of senior oil and gas investment banking experience and Rialto is fortunate to have someone of his caliber join the Board in the interim as we seek a permanent Australian director. We look forward to his input and contribution."

Tags: Rialto Energy