June 27th

Cloudbreak Receives \"Comfort Letters\" Land Adjoining Westar\'s \"18 Meter Coal Property\"

CLOUDBREAK RESOURCES LTD. (TSX VENTURE: CDB)(PINK SHEETS: CUDBF)(FRANKFURT: C6K) has received a \"Comfort Letter\" from Saskatchewan Energy and Resources for coal disposition applications filed in mid-May that confirmed first priority for 36,864 hectares (approx 91,000 acres). The comfort letter received lists all applications made on behalf of the company during the period in mid-May and details the land description, acres, priority sequence and the allocated coal-prospecting permit numbers. The company applied for the ground in accordance with all the rules and regulations set forth by the Government of Saskatchewan\'s permitting office.

Two of Cloudbreak\'s townships which now have \"Comfort Letters\" are located in east-central Saskatchewan, approximately 80 kilometers from the recent Goldsource Mines Inc. discovery, near North American Gem and directly adjoining Weststar Resources property known as the \"18 Meter Property\". The companies other two townships are within 40 kilometers of this property. Read more: Cloudbreak Resources Ltd ( CDB )

June 27th

Metalex discovers four new kimberlitic pipes in Angola

Metalex Ventures Limited (MTX:TSX - Venture Exchange) is pleased to announce that another four potentially diamondiferous kimberlitic pipes have been found at its project in Angola. This brings the number of kimberlitic pipes discovered to thirteen on its property situated at the headwaters of the highly diamondiferous Cuango River.

Core drilling of the first kimberlitic pipe was terminated due to technical difficulties after only 24 feet of drilling. However, as the pipe was encountered at a depth of only 5 feet a sample of 200kg was collected by pitting. The helicopter magnetic survey indicates that this pipe is 2.3 hectares in size.

The second kimberlitic pipe was intersected from a depth of 11 to 565 feet. Sandstone was intersected from 565 feet to the end of the hole at 600 feet. The geophysics suggests that this pipe is relatively small at 0.5 hectares in size. Read more: Metalex Ventures Limited ( MTX )

June 27th

Oilexco Announces Significant Discovery At Moth

Oilexco Incorporated (\"Oilexco\" or \"the Company\") (TSX:OIL) (LSE:OIL), through its wholly owned subsidiary Oilexco North Sea Limited, is pleased to announce a significant dual zone oil and gas-condensate discovery at Moth, located in Block 23/21 in the UK Central North Sea. Oilexco earned a 50% working interest at Moth. The Company\'s partners are BG Group, Hess, and BP.

The 23/21-6z Moth discovery well was drilled to a total depth of 14,616 feet. Hydrocarbon-bearing reservoir sands with a thickness of 605 feet were intersected in the Middle Jurassic Pentland and a further 219 feet were intersected in the Upper Jurassic Fulmar.

The Middle Jurassic Pentland sands at depth of 13,283 feet were drill-stem tested through perforations from 13,276 feet to 13,730 feet in 439 feet of oil and gas bearing reservoir sands. Read more: Oilexco Incorporated ( OIL )

June 27th

Gran Tierra Energy Successfully Drills Popa-2 Exploration Well

Oil and Gas Shows Encountered; Preparations for Testing Program Initiated

Gran Tierra Energy Inc. (AMEX: GTE; TSX: GTE), a company focused on oil exploration and production in South America, today announced that it had successfully drilled the Popa-2 exploration well in the Rio Magdalena Block in central Colombia, and was preparing to initiate well testing operations.

Gran Tierra Energy initiated drilling of the Popa-2 exploration well in the Rio Magdalena Block in the Middle Magdalena Basin, on May 8, 2008, and reached total measured depth of 8,646 feet in basement on June 21, 2008. Electric logs have been run and preparations are being made to run a 7 inch liner into the wellbore and then initiate drill stem testing operations. Gran Tierra Energy expects testing operations to take approximately two weeks and to be completed by mid-July. Read more: Gran Tierra Energy Inc ( GTE )