Stealth Builds on Shale Gas Land Position and Amends Terms of Share Purchase
Warrants

SLV tsxventure

CALGARY, May 20 /CNW/ - Stealth Ventures Ltd. ("Stealth" or the "Company") is pleased to announce that it successfully acquired 17 (gross) sections of land to add to its current holdings of 126 sections in the Wildmere area of Alberta. The Company now holds 143 sections of land in Wildmere all targeting the Colorado Group of Shales.

Additionally, the Company intends to make application to the TSX Venture Exchange to amend the terms of certain outstanding share purchase warrants issued as part of a private placement, as disclosed in the following table:

    
    -------------------------------------------------------------------------
     Number of           Original           Original              Proposed
     Warrants            Exercise            Expiry                Expiry
    Outstanding           Price               Date                  Date
    -------------------------------------------------------------------------
    14,863,478            $0.85           May 30, 2010          May 30, 2011
    -------------------------------------------------------------------------
    

The proposed amendment to the expiry date of the warrant disclosed herein is subject to Stealth receiving acceptance from the TSX Venture Exchange therefor. (There will be no change to the $0.85 exercise price for these warrants.)

Stealth Ventures Ltd. is a Calgary-based junior oil and gas company whose expertise and focus is on "unconventional" gas reserves from shale gas, CBM, and tight gas sand reservoirs.

    
    STEALTH VENTURES LTD.

    "Derek Krivak"

    Per: DEREK KRIVAK
    Chief Executive Officer
    

Forward-Looking Statements:

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

Disclosure provided herein in respect of BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

NEITHER THE 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. THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.

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For further information: Derek Krivak, CEO, Stealth Ventures Ltd., Tel.: [phone], Fax: [phone], Emails: [email protected]