Effective may 1, 2013 Liberty Energy Corp. appointed Miles D. Bender as Chief Executive Officer, President, secretary and chairman of the board of Directors, and appointed William T. Jones as Chief Operating Officer. Also effective May 1, 2013, Ian Spowart stepped down as Chief Executive Officer, President, Secretary and Director.

Mr. Bender's responsibilities have consisted of a full range of CEO duties, including acquisitions, legal matters, financial information, banking and capital formation. He has been involved in the energy business for twenty-nine years. Mr. Bender was a founder, President and CEO of National Energy Group Inc. (NEG) which he took public and which he helped grow significantly to a market capitalization of approximately $350 million.

From 1990 to 1991 Mr. Bender was President, CEO, Treasurer and a Director of Big Piney Oil and Gas Company. Mr. Bender was President, CEO, Treasurer and a Director of VP Oil Inc. from 1986 until 1991. He was also President and a Director of Tierra Energy Inc., from 1984 until 1990.

Mr. Jones has been a licensed Petroleum Engineer for 40 years. His responsibilities have included evaluation of all potential reserve acquisitions as well as supervision of all field operations. In 2004 he formed Redmon Oil Company in Dallas.

Prior to that, he was Chief Operating Officer and Principal of Lynx Production Company, Dallas from 1999 to 2004. Mr. Jones joined National Energy Group Inc. of Dallas as Vice President, Production and Engineering in 1994 and was promoted to Senior Vice President, Operations in 1996. From 1992 to 1994, he was Chief Operating Officer of Ard Drilling Company and prior to that, from 1989 to 1991 he was Senior Petroleum Engineer for Synder Oil Company in Fort Worth.