About EnGlobe

As a shareholder-focused company, EnGlobe Corp. believes that high standards of corporate governance are fundamental to its operations. National Instrument 58-101 “Disclosure of Corporate Governance Practices” and its associated National Policy 58-201 “Corporate Governance Guidelines” require EnGlobe to disclose information related to the Company’s corporate governance practices. These new rules replace the guidelines for effective corporate governance recommended in the final Report of the TSX Committee on Corporate Governance in Canada. The goal of EnGlobe is to meet or exceed the applicable corporate governance requirements in Canada. A step towards meeting this goal was the implementation of new policies for disclosure and insider trading enacted in 2005.

The Board of Directors of EnGlobe has brought extensive industry-specific expertise, business and governance experience as well as financial skills to the Company. In 2006, the Board was composed of four directors, three of whom are defined as independent, and was chaired by an independent director. The Board has established two Committees for the continuous review and monitoring of areas critical to good corporate governance: The Audit Committee and the The Corporate Governance and Compensation Committee.

A detailed description of EnGlobe Corp. Corporate Governance Policies can be found on SEDAR.