VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2013) - New Zealand Energy Corp. ("NZEC" or the "Company") (TSX VENTURE:NZ)(OTCQX:NZERF) today announced the appointment of Chris Ferguson as Chief Financial Officer, commencing February 25, 2013.

Mr. Ferguson will be based in the Company's New Plymouth, New Zealand office and will oversee finance, accounting, administration and risk management. Mr. Ferguson is a Chartered Accountant with 18 years of financial, accounting and operational experience in both the public and private sectors.

Mr. Ferguson has extensive oil and gas experience within the Taranaki Basin, having held senior financial positions over the past 13 years with both local and international exploration and production companies. Previously he held the role of Finance and Planning Manager with Origin Energy New Zealand, overseeing the financial integration of the TAWN and Rimu/Kauri oil and gas assets acquired from Swift Energy and the transition to operations of the Kupe Gas Field.

Mr. Ferguson's extensive operating knowledge of Taranaki oil and gas assets is complemented with a strong financial background that includes New Zealand statutory reporting, SEC reporting requirements, SOX 404 compliance, systems implementation and execution and leadership of finance and accounting teams.

"Chris Ferguson's financial and reporting experience coupled with extensive knowledge of the New Zealand oil and gas industry brings the exact skill set that we've been looking for," said John Proust, NZEC's Chief Executive Officer. "We look forward to having Chris join the team in February."

On behalf of the Board of Directors

John Proust, Chief Executive Officer and Director