True North Energy Corp. announced that effective June 28, 2013, a change of control of the company occurred as Gilbert Steedley obtained majority voting control over the company and was appointed as Interim Chief Executive Officer (CEO) and sole director. Mr. Steedley has over twenty years of business development, industry research, and corporate finance experience across a diverse range of industries, including, and at the forefront, the energy industry.

Mr. Steedley will remain interim CEO until the right CEO is identified. Mr. Steedley intends to remain a director even after relinquishing the CEO position and to maintain a healthy equity stake for the near and medium term.