Pardee Resources Elects William G. Foulke New Board Chairman

Pardee Resources Company (PRC)

recently elected William G. Foulke as its new board chairman. Mr. Foulke has served as a director of the Company, and its predecessor companies, since 1975. Pardee Resources is a Philadelphia-based firm that focuses on the acquisition, management, and responsible development of natural resource properties. The Company manages rights for coal, oil, natural gas, minerals, and timber on properties in 13 states, and owns approximately 195,000 acres of timberland, over 300 million tons of coal reserves, and approximately 10 billion cubic feet equivalent of oil and gas reserves. The firm also owns distributed solar-generated electricity installations in New Jersey and California totaling 8.6 megawatts of capacity.