July 29, 2011

Hudson Appoints Arkadiusz Krezel as Vice-Chair

Strengthens Board's Polish Business Expertise

TORONTO, July 29, 2011 /PRNewswire/ - Hudson Oil Corporation Ltd. (H8D: FSE)
today announced that it has appointed Mr. Arkadiusz Krezel as
Vice-chairman of the Board of Directors. An experienced business
executive, Mr. Krezel will provide the Company with in-depth expertise
in the Polish and European business environment, particularly heavy

Mr. Krezel's industry experience extends from coal to metals and banking
and includes restructuring and privatization work. He is currently the
President and Chairman of the Supervisory Board of Aluminium
Konin-Impexmetal SA. He also serves on the Supervisory Board of
Boryszew SA. Prior to this, he served as Chairman of the Management
Board of the Polish Industry Development Agency. He has held many other
board positions in Polish industry and also advised the Polish
government on numerous economic matters. Mr. Krezel is a member of the
Polish-Japan Economic Committee and serves on the Management Board of
the Polish-French Economic Chamber.

"Mr. Krezel's long experience in Polish business and government adds
bench strength to our Board," said Hudson's Chairman, Wjociech

About Hudson Oil Corporation:

Hudson is a Canadian company focused on the acquisition of under-valued
energy assets and the execution of business strategies to maximize
their value. Efforts are presently directed at downstream energy
opportunities in Eastern Europe. Currently, the Company's principal
asset is the Glimar refinery complex in southern Poland, which is
equipped with unique and industry-leading technology. The Company is
developing and executing a restart plan for Glimar.

Forward-looking statements:

Some of the statements contained in this release are forward-looking
statements, such as statements that describe the Company's future
plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur.
Since forward-looking statements address future events and conditions,
by their very nature, they involve inherent risks and uncertainties.

While these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect the Company's
current judgment regarding the direction of the Company's business,
actual results will almost always vary, sometimes materially, from any
estimates, predictions, projections, assumptions or other future
performance suggestions herein. Except as required by applicable law,
Hudson Oil Corporation Ltd. does not intend to update any
forward-looking statements to conform these statements to actual

SOURCE Hudson Oil Corporation Ltd.