Zeppelin Announces Appointment of Director and Updates Status of Drayton Valley Shallow Oil and Gas Project CALGARY, April 14 /PRNewswire-FirstCall/ -- Zeppelin Energy Inc. (OTCBB:ZEPE) announces today that Mr. Leigh Stewart has been appointed to the Board of Directors and the office of corporate secretary. Mr. Stewart practices law at the firm of Robinson Stewart in Calgary, Alberta, having obtained his Bachelor of Laws from the University of Western Ontario in 1990 and his Bachelor of Science (Geology) from the University of Alberta in 1984. The appointment of Mr. Stewart to the position of corporate secretary and director was approved at a meeting of the Board of Directors held on April 12, 2004. Zeppelin also announces that its Board of Directors has approved in principal the final terms of the proposed acquisition of certain shallow oil and gas interests in the Drayton Valley area of west central Alberta, previously detailed in a Press Release dated March 3, 2004. Technical due diligence and analysis has now been completed on the area and the preparation of legal documentation is in progress. It is anticipated that the agreement to acquire the Drayton Valley shallow interests will proceed in two stages with the first stage consisting of the earning of oil and gas interests in a maximum of approximately 1,600 acres closing prior to April 23, 2004. In this first stage acreage Zeppelin expects to earn a 90% interest on approximately 1,120 acres and 30% interest on a further 480 acres. In the second stage, Zeppelin proposes to enter into an option agreement with the vendors to earn additional oil and gas interests in the remaining 720 acres. The Zeppelin Board of directors has also approved a resolution to fund the Drayton Valley project by the issue of up to 1.5 million Zeppelin shares at market value plus up to a total of 15% gross royalty on the project. Agreements have been reached for initial funding of approximately $ Cdn 58,000, which will be sufficient to close the Drayton Valley project acquisition, under the terms of the board resolution. About Zeppelin Energy Inc. Zeppelin Energy Inc. is a publicly traded company on the OTC BB ("ZEPE"). Zeppelin Energy is an independent energy company dedicated to the acquisition of proven Oil and Gas properties with specific emphasis in the Western Canadian Basin, Central and South America. Those wishing to learn more about Zeppelin are encouraged to visit http://www.zeppelinenergy.com/ or to contact the President of Zeppelin at the contact information below. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Exchange Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements included in this release other than statements of fact are forward-looking statements that involve risks and uncertainties. DATASOURCE: Zeppelin Energy Inc. CONTACT: Menno Wiebe, President, Telephone - (403) 444-6901, E-mail address -

Copyright