Treaty Energy Corporation says that on March 2, 2010, Joe Grace resigned as a director and President and Chief Operating Officer of Treaty Energy Corporation. In a letter directed to Randall Newton, the company's Chairman and Chief Executive Officer, Mr. Grace indicated that his resignation was for health reasons.

Mr. Newton stated, "We are highly disappointed that Joe Grace had to resign as our President, COO, and a director of our company. Mr. Grace has indicated that while his health situation will not allow him to be a full time employee, he has agreed to a two year consulting contract as an advisor to the board and to the management team."

Mr. Newton added, "We are in the process of seeking candidates that might replace Mr. Grace on our management team, and hope that an early replacement can be recruited."

Tags: Treaty Energy Corporation