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24/09-2007 07:59:56: (CNR) CHANGES TO THE BOARD OF DIRECTORS

September 24, 2007 - Guernsey, Channel Islands - 
CanArgo Energy Corporation (`CanArgo` or 
the `Company`) (OSE: CNR, AMEX:CNR) today 
announced that Jeffrey Wilkins has been appointed 
to the position of Executive Director on the Board 
of CanArgo Energy Corporation with immediate 
effect in addition to his current duties as Chief 
Financial Officer.

September 24, 2007 - Guernsey, Channel Islands - 
CanArgo Energy Corporation (`CanArgo` or 
the `Company`) (OSE: CNR, AMEX:CNR) today 
announced that Jeffrey Wilkins has been appointed 
to the position of Executive Director on the Board 
of CanArgo Energy Corporation with immediate 
effect in addition to his current duties as Chief 
Financial Officer.

Mr. Jeffrey Wilkins has served as the Company`s 
CFO since August 2006 prior to which he acted as 
the Company`s Financial Controller from April 
2001.  Before joining CanArgo, he held various 
European finance positions for Fisher-Rosemount, 
part of Emerson Electric Company between 1995 and 
1999 and from 1999 to 2000 he was European 
Financial Accountant for The Dialog Corporation, a 
business of the Thompson Corporation.  Mr. Wilkins 
is 44 years old and a Chartered Management 
Accountant with a degree in Economics and Politics 
from the University of Bath.

The Company also announced that Nils Trulsvik, Non-
Executive Director, is stepping down from the 
CanArgo Board with immediate effect due to 
potential conflict of interest in respect of other 
oil and gas companies in which he is involved.

Dr. David Robson, Non-Executive Chairman of 
CanArgo`s Board said `I am pleased to announce the 
appointment of Jeffrey to the Board of CanArgo. 
His track record with the Company and his 
extensive finance experience will serve to 
strengthen the executive team at this very 
important time for the Company as it prepares to 
complete the testing of the Manavi 12 well and 
build for the future.  Also, I would like to thank 
Nils Trulsvik for his very significant 
contribution to CanArgo over the years and I wish 
him all the best in the future.`
 
CanArgo is an independent oil and gas exploration 
and production company with its principal oil and 
gas operations currently located in Georgia.

The matters discussed in this press release 
include forward-looking statements, which are 
subject to various risks, uncertainties and other 
factors that could cause actual results to differ 
materially from the results anticipated in such 
forward-looking statements. Such risks, 
uncertainties and other factors include the 
uncertainties inherent in oil and gas development 
and production activities, the effect of actions 
by third parties including government officials, 
fluctuations in world oil prices and other risks 
detailed in the Company`s reports on Forms 10-K 
and 10-Q filed with the Securities and Exchange 
Commission. The forward-looking statements are 
intended to help shareholders and others assess 
the Company`s business prospects and should be 
considered together with all information 
available. They are made in reliance upon the safe 
harbour provisions of Section 27A of the 
Securities Act of 1933, as amended, and Section 
21E of the Securities Exchange Act of 1934, as 
amended. The Company cannot give assurance that 
the results will be attained.

For more information please contact:

USA
Sabin Rossi, VP External Affairs and Investor 
Relations
CanArgo Energy Corporation
Tel : +1 617 669 1841
Fax : +1 617 973 6406
e-mail:  sabin@canargo.com 

NORWAY      
Eric Cameron    
Gambit H&K AS    
Tel:  +47 (22) 048206

Ekstern link: http://www.newsweb.no/index.jsp?messageId=160148

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