Alange Energy announces success in Copa-3 appraisal well, generating
increased prospectivity in Cubiro

TORONTO, Sept. 22 /CNW/ - Alange Energy Corp (TSXV: ALE) announced today it has confirmed the second consecutive appraisal success in the Copa-3 well, which was drilled to explore the prospectivity of the Carbonera C3, C5 and C7 formations in Polygon C of the Cubiro Block. The Copa-3 well was completed in the Carbonera C7 formation and is currently producing 1,700 barrels per day of clean 40 degrees API oil with 10% BS&W, on natural flow. The Company decided to complete the well with an electro-submersible pump, with pump simulation yielding 2,200 barrels per day of production at 40 Hz of frequency and bottom hole pressure of 1,710 psia.

The Copa-3 is a directional well with 21 degrees of inclination, drilled to a final depth of 5,660 feet true vertical depth sub-sea ("TVDSS") (5850 feet measured depth). The top of the Carbonera C7 sandstones was found at a depth of 5,165 feet TVDSS, with preliminary petrophysical evidence showing 30 feet of net pay zone with porosities of 29.5%. Production tests have shown an initial rate of 1,700 barrels per day of 40 degrees API oil with 10% water cut, on natural flow, with bottom hole pressure of 2,180 psia. Well logs have also shown excellent sand development and high hydrocarbon saturation in the C3 and C5 formations with petrophysical characteristics of 21 and 35 feet, and porosities of 27% and 27.2%, respectively, with a total net oil column of 86 feet. These appraisal results represent a further advance in the interpretation of the Copa prospect trend and its migration patterns. The Copa-3 well shows the potential extension of the C3 and C5 formations, as previously proved on the prospect's first two wells, both to the north and to the south. More importantly, the Company's current exploration portfolio includes 4 additional prospects (1 to the north and 3 to the south of the Copa-1 discovery accumulation) that are scheduled to start drilling in the first quarter of 2011.

Luis E. Giusti, the Company's Chief Executive Officer, stated, "Results on this well significantly increase our development and exploration expectations for the Copa discovery and its multiple prospective horizons. We now visualize additional opportunities in C-3 and C-5, and we can also expand our expectations in nearby areas".

The Cubiro block, located in the Llanos Basin of Colombia, is an asset in which the Company holds working interests of 60.5%, 70% and 25% in Polygons A, B and C, respectively.

About Alange Energy Corp.

Alange Energy is a Canadian-based oil and gas exploration and production company, with working interests in 12 properties in four basins in Colombia. Further information can be obtained by visiting our website at www.alangeenergy.com.

All monetary amounts in U.S. dollars unless otherwise stated. This news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities laws concerning the business, operations and financial performance and condition of Alange Energy Corp.("Alange"). Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to estimated production and reserve life of the various oil and gas projects of Alange; the estimation of oil and gas reserves; the realization of oil and gas reserve estimates; the timing and amount of estimated future production; costs of production; success of exploration activities; and currency exchange rate fluctuations. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of Alange and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include changes in market conditions, risks relating to international operations, fluctuating oil and gas prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the oil and gas industry, failure of plant, equipment or processes to operate as anticipated. Although Alange has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Alange undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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For further information: Jose Luis Acevedo, Executive Vice President, 416-360-4653