PetroSearch Appoints Richard D. Dole to Board of Directors

HOUSTON, July 26, 2004 – PetroSearch Corporation, Inc. (Symbol PSCP.PK) announced today the appointment of Richard D. Dole to its board of directors, bringing the total board membership to five. Mr. Dole has been a key member of the PetroSearch Advisory Committee since December of 2003.

Mr. Dole served as Vice President and Chief Financial Officer for Burlington Resources International from 1998 to 2000. Since that time he has been active in consulting and financial services. He is a co-founder of Benefits Access Solutions, LLC; a company formed to provide financial services and benefit options to employees and members of corporate organizations. He is also co-founder and managing partner of Innovation Growth Partners, LLC; a firm that provides management and consulting services to early stage companies.

Mr. Dole’s extensive industry experience includes being National Partner-in-Charge of Business Process Solutions at KPMG and prior to that he was with Coopers & Lybrand (now PriceWaterhouse Coopers) where he served as Assurance and Business Advisory Partner for nearly 20 years and also served in numerous senior management roles, including National Chairman for the Energy and Natural Resources Industry practices for over 15 years and as the Vice Chairman for the US Process Management business unit. Mr. Dole was also a member of the Board of Directors of Westport Resources Corporation (NYSE: WRC) prior to its recent merger with Kerr-McGee.

Management Comments
“We are extremely pleased and excited that a person of Dick’s caliber and range of experience in both the energy and the financial sectors has joined PetroSearch Corporation at the board level,” stated Bradley J. Simmons, founder and President of the company. “Given his demonstrated track record in managing corporate growth, we believe he will be a positive force in helping guide our company to its full potential.”

“With this appointment, we now have three independent directors out of a total of five board seats,” Mr. Simmons added. “This is a further demonstration of the PetroSearch commitment to enhancing every aspect of corporate governance and financial decision making.”