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VisionSky Corp. Provides Update On Dixie Energy Trust

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2013-02-01 04:43:23 -



VisionSky Corp. Provides Update On Dixie Energy Trust

Calgary, Alberta, Canada, January 31, 2013 - VisionSky Corp. ("VisionSky") (VKY - CNSX) is providing an update on Dixie Energy Trust (the "Trust") who is a party to an arrangement agreement with VisionSky dated December 27, 2012 in respect of a proposed statutory plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement") as further described in its management information circular dated as of December 28, 2012.

Shareholders of VisionSky will be voting on the proposed Arrangement at the special meeting of shareholders to be held on February 13, 2013.

Appointment of Independent Directors

VisionSky has

been informed by the Trust that Messrs. Ian Atkinson and Jeff Oke were appointed to the board of directors of Dixie Energy Ltd., the administrator of the Trust (the "Administrator"). VisionSky has also been advised by the Trust that Mr. John Mackay has resigned as trustee of the Trust and director of the Administrator.

Ian Atkinson is a founder and executive officer of Athabasca Oil Corp., a Canadian company focused on the development of oil resource plays in Alberta, Canada. Mr. Atkinson began his career as a development engineer with Talisman Energy and joined Renaissance Energy as an exploitation engineer. Following that, he worked as a senior engineer with Northrock Resources. During his 18-year career, he has held executive positions, including manager, engineering, at Quarry Oil & Gas and vice-president at Morpheus Energy. Mr. Atkinson obtained a B.Sc. in petroleum engineering from the University of Alberta, and a M.Sc.Eng. in chemical engineering from the University of Calgary.

Jeff Oke is a partner with Burnet, Duckworth & Palmer LLP in Calgary, where he has practised securities law for 14 years. Mr. Oke primarily advises public and private energy and energy services companies on financing, mergers and acquisitions, governance, stock exchange and securities commission compliance and other corporate matters. He has served as corporate secretary of numerous public and private companies. Mr. Oke has a Bachelor of Arts (Honours) degree from Queen's University and a Bachelor of Laws degree from the University of Calgary.

John Mackay
Chief Executive Officer
VisionSky Corp.
400, 2424 - 4th Street SW
Calgary, AB T2S 2T4
T: (403) 619-3637

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities in any investments. The securities of VisionSky will not and have not been registered under the United States Securities Act of 1933 as amended (the "US Securities Act"), or the securities laws of any state, and may not be offered, sold or delivered in the United States or to, or for the account or benefit of, a U.S. person (as defined by Regulation S under the US Securities Act), without registration or applicable exemption therefrom.

The Canadian National Stock Exchange has not approved and does not accept responsibility for the adequacy or accuracy of this news release.

VisionSky Corp.
400, 2424 - 4th Street SW
Calgary, Alberta T2S 2T4

To view this release as a web page, please click on the following link:

Fred Gautreau
Phone: 14037173898

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