Underground Energy to Present at the GHS 100 Energy Conference

SANTA BARBARA, CA, June 22, 2012 /CNW/ - Mr. Michael Kobler, CEO of Underground Energy Corporation ("Underground" or the "Company") (TSX VENTURE SYMBOL: UGE), is scheduled to present a corporate overview of the Company at the Global Hunter Securities GHS 100 Energy Conference on Monday, June 25^th, 2012 at 9:00 a.m. PT. The conference will be held at the InterContinental  Hotel San Francisco in San Francisco, CA from June 24^th - 26^th, 2012.

A live audio link to the webcast presentation will be available at: http://wsw.com/webcast/ghs3/uge/, or on the Company's website at www.ugenergy.com. It is recommended that listeners log on 10 minutes in advance of the presentation to register and download any necessary software.

About Underground Energy Corporation

Underground is focused on identifying, acquiring rights to, exploring for, developing and producing oil reserves from shale formations in North America using the latest exploration and recovery techniques and technologies. Underground focuses on identifying and acquiring sizable land positions and prospects in historically prolific but under-explored shale formations as well as in emerging shale plays that, in both instances, hold large volumes of prospective resources. Underground currently holds hydrocarbon rights on approximately 70,000 net acres of highly prospective lands in California and Nevada with an initial focus on the Monterey shale in California. Underground is listed on the TSX Venture Exchange under the ticker symbol "UGE" and is quoted on the OTCQX under the symbol "UGGYF". For more information on Underground, including a copy of the Company's latest corporate presentation, please visit www.ugenergy.com. Underground's regulatory filings are available under the Company's profile at www.sedar.com.

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 release.

Peter Ballachey
Chief Financial Officer
Underground Energy Corporation
Tel: [phone] x 17

Simon Clarke
Vice President, Corporate Development
Underground Energy Corporation
Tel: [phone]