Bordeaux Energy Inc.

Bordeaux Energy Inc.

July 31, 2008 09:00 ET

Bordeaux Energy Inc. Proposes Share Consolidation and Name Change

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 31, 2008) -


Bordeaux Energy Inc. (TSX VENTURE:BDO) (the "Company") announces that it is proposing that its Board of Directors be given the authority at its upcoming Annual and Special Meeting on Thursday August 28, 2008 (the "Meeting") to effect a consolidation of its shares.

The Company's shareholders will be asked to approve a share consolidation on a 30 for 1 basis, or on such lesser basis as may be necessary in order to meet TSX Venture Exchange (the "Exchange") listing and distribution requirements. Such a share consolidation would reduce the number of outstanding shares and the holdings of each shareholder on a 30 to 1 basis. The 151,279,112 shares of the Company that are currently outstanding would be reduced to approximately 5,042,637 shares. The share consolidation is subject to shareholder approval and Exchange acceptance.

In the opinion of the Company's management, the consolidation is necessary as the current share structure of the Company will make it more difficult or impossible for the Company to attract the additional equity financing required to maintain the Company or to allow for the acquisition of new projects of merit. No fractional shares will be issued. Any fractions of a share will be rounded down to the nearest whole number of common shares. Implementation of the share consolidation does not have an effect on the actual or intrinsic value of the business of the Company.

The Company will also be seeking shareholder approval of a name change at the Meeting. The proposed name change is subject to Exchange acceptance.

Forward-Looking Statements:

Certain statements contained in this press release are not based on historical facts and may constitute forward-looking statements or forward-looking information within the meaning of applicable law. These statements appear in a number of different places herein and can be identified by words such as "will", "anticipates", "expects", "intends", or other comparable words. Forward-looking statements and information include statements regarding the trading of the Warrants and other statements, and are subject to risk, uncertainties, and other factors, that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements or information. See the Company's filings with the Canadian securities commissions for additional information on risks and uncertainties relating to the forward-looking statements and information. Many of these factors are beyond the control of the Company. Consequently, all forward-looking statements and information made herein, are qualified by this cautionary statement. The Company disclaims any intention or obligation to revise or update such statements or information except as may be required by law.

This release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction. The Common Shares and the other securities referred to herein have not been registered under the United States Securities Act of 1933, as amended, and they may not be offered or sold in the United States absent registration or an applicable exemption from registration.


Geoff Carrington, President & CEO

Shares Outstanding: 151,279,112

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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