Adira Energy strengthens board and management team

Friday, Jul 30, 2010

ADIRA ENERGY LTD. (OTCBB: ADENF; FRANKFURT:
AORLB8). Adira Energy Ltd. ("Adira Energy" or the "Company") is pleased to
announce that Mr. Glen Perry has been appointed to the board of directors of
the Company by its existing directors, effective July 22, 2010, to hold
office until the next annual meeting of the shareholders. Also effective
July, 2010, Mr. Gadi Levin has been appointed Chief Financial Officer of the
Company's four Israeli operating subsidiaries.

<< Mr. Glen Perry - Director ------------------------- >>

Mr. Glen Perry rejoined the board as a Director on July 22, 2010. Mr.
Perry previously served as a director of the company from August 31, 2009
until he resigned for personal reasons during January 2010. Mr. Perry has a
Masters degree in Petroleum Engineering from the University of Texas.

Previously Mr. Perry served as a Director, COO and President of Zion Oil and
Gas Inc., an oil and gas company incorporated in Israel and listed on the
NASDAQ. In the years prior to that he was a consultant to: Delek Drilling
Ltd. (Manager), National Petroleum Limited (Officer and Director), Prairie
Producing Company, Exxon Company USA (now ExxonMobil
Corporation) and Energy Reserves Group (now BHP).

Chairman of the Board Dennis Bennie says: "We are most fortunate to have
Glen Perry re-join the board. His experience in the oil and gas industry
will be a great assistance in expanding Adira".

<< Mr. Gadi Levin - Chief Financial Officer, Israeli Subsidiaries
-------------------------------------------------------------- >>

Mr. Levin is a chartered accountant with experience in the public and
private equity markets. Mr. Levin previously served as the Vice President of
Finance and Chief Financial Officer for two Israeli investment houses in the
fields of private equity, hedge funds and real estate. He was responsible
for all financial and tax reporting, tax structuring and investor relations.
Prior to that, he worked as a financial consultant to the Prime Minister's
Office of the State of Israel. Mr. Levin began his career at the accounting
firm, Arthur Andersen, where he worked in the Cape Town, London and Tel Aviv
offices for nine years. During that time, he gained significant experience
in the hi-tech sector, specifically in US GAAP and SEC reporting. He has a
Bachelor of Commerce degree in Accounting and Information Systems from the
University of the Cape Town, South Africa, and a post graduate diploma in
Accounting from the University of South Africa. He received his Chartered
Accountant designation in South Africa and has an MBA from Bar Ilan
University in Israel.

CEO Ilan Diamond says: "We are delighted to have a person with the
experience and of the caliber of Gadi join the Adira Energy team. We are
sure that his diverse skill set will help us position Adira as a premier Oil
& Gas exploration company in Israel. His skills are sure to be used when we
start field work on our various on and offshore projects."

<< Option Grant ------------ >>

The Company also announces that on July 22, 2010 it granted an aggregate of
925,000 stock options to certain directors, executive officers and
consultants of the Company. The options have an exercise price of U.S.
$0.60 per share, are subject to various vesting and termination provisions,
and expire July, 2015.

Source: Canada Wire