FEN Forent Energy Ltd.

Forent Energy Ltd. (TSX VENTURE:FEN) ("Forent" or the "Company") is pleased to
announce the closing of its previously announced $1,500,000 non-brokered private
placement (the "Offering"). Pursuant to the Offering, Forent issued 30,000,000
common shares in the capital of the Company at a price of $0.05 per Common
Share. 74% of the Offering (22,300,000 common shares) were purchased by
directors, officers, employees and consultants and affiliates of the Company.
The proceeds of the Offering, together with the proceeds from the recently
completed Mervin property sale will be used for general corporate purposes
including elimination of accounts payable, along with a commitment to pursue
strategic property acquisitions and exploit the significant opportunities within
the Montgomery and Alton assets for which the Company currently has well over $5
million in cash available.


In addition the Company is also pleased to announce the official start of Mr.
Richard Wade, its new President and Chief Executive Officer. Forent also
announces the resignation of Mr. Tom Lester as a director of the Company and the
concurrent cancellation of 1,804,167 outstanding stock options. The board of
directors of Forent thanks Mr. Lester for his service to the Company as a
director, as Chief Financial Officer and as Interim President and Chief
Executive Officer.


Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is 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 at the
date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated in the forward-looking statements.
There are uncertainties inherent in forward-looking information, including
factors beyond Forent's control, and no assurance can be given that the programs
will be completed on time, on budget or at all. In addition, there are numerous
uncertainties inherent in estimating reserves, including many factors beyond
Forent's control, and no assurance can be given that the indicated level of
reserves or the recovery thereof will be realized. Forent undertakes no
obligation to update forward-looking information if circumstances or
management's estimates or opinions should change except as required by law. The
reader is cautioned not to place undue reliance on forward-looking statements.
Additional information identifying risks and uncertainties that could affect
financial results is contained in Forent's filings with Canadian securities
regulators, which filings are available at www.sedar.com.


This news release shall not constitute an offer to sell or solicitation of an
offer to buy the securities in any jurisdiction. The flow-through common shares
will not be and have not been registered under the United States Securities Act
of 1933 and may not be offered or sold in the United States absent registration
or applicable exemption from the registration requirements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Forent Energy Ltd.
Scott M. Reeves
Director and Corporate Secretary
(403) 571-8015
sreeves@tinglemerrett.com
www.forentenergy.com

Grafico Azioni Forent Energy Ltd. (TSXV:FEN)
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