Desmarais Secures Pipeline Project Financing

TSX Venture Exchange Symbol: DES

CALGARY, June 18 /CNW/ - Desmarais Energy Corporation (TSXV: DES) (the "Corporation" or "Desmarais") announces that it has secured financing for a pipeline expansion project from a Private Third Party. This strategic pipeline will tie-in four wells (2.1 net) which are currently shut-in. Other opportunities have been identified which could result in the re-work of additional wells in which Desmarais has high working interests and operatorship.

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 release.

Advisory: This press release may contains certain forward-looking statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward looking statements. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward looking statements contained in this press release are made as of the date hereof and Desmarais undertakes no obligation to update publicly or revise any forward looking statements or information, unless so required by applicable securities laws.

For further information: James G. Long, President, Desmarais Energy Corporation, Tel: [phone], Fax: [phone], E-mail: [email protected], Website: www.desmaraisenergy.com