Lodged ASX 4 May 2009Cougar Energy Limited (ASX Code: CXY) has...

Lodged ASX 4 May 2009

Cougar Energy Limited (ASX Code: CXY) has expanded its inhouse financing capability with the appointment of Brad Glynne as General Manager – Corporate Finance, with the additional responsibility for Investor Relations.

Brad has formal qualifications in financial services and law. He has over 20 years of wideranging experience in corporate and investment banking, as well as high net worth portfolio management.

His financial experience includes 10 years with Credit Suisse and Credit Suisse First Boston in both Melbourne and Zurich, including serving as Director and Head of Corporate Banking in Australia, with Citigroup leading its Metals and Mining Industry Group, and as a Director of UBS Wealth Management.

He has accumulated wide experience in both the debt and
equity markets which will be invaluable in structuring and finalising a financial package for Cougar Energy’s phased 400MW power project in Kingaroy, Queensland.

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Brad will be working closely with Singapore based Direct Invest Pte Limited (DI) in the execution of the staged funding plan outlined in the Cougar Energy / DI Memorandum of Understanding (MOU) signed in June 2008.

Following recent discussions between the parties
in Melbourne, and the preparation of a preliminary project financial analysis, Cougar Energy and DI have agreed on the size, structure and timing of the debt/equity funding package as required by the MOU.

Commencing in June, Cougar will undertake a series of road shows to present the funding package to investors and bank financiers in Australia and in all of the major off-shore
markets.

The creation of Brad’s position within the Company structure is in line with the considerable recent advancements of the Kingaroy UCG project, including assembly of the technical and financial information required in achieving funding for the phased project development.