Brownstone Ventures Inc.

Brownstone Ventures Inc.

April 30, 2008 16:15 ET

Brownstone Ventures Inc. Acquires Securities of Mooncor Oil & Gas Corp.

TORONTO, ONTARIO--(Marketwire - April 30, 2008) - Brownstone Ventures Inc. (TSX VENTURE:BWN), announces that on April 29, 2008, it acquired ownership of 3,500,000 common shares ("Common Shares") of Mooncor Oil & Gas Corp. ("Mooncor") through the facilities of the TSX Venture Exchange, which holdings represent approximately 5.9% of the total issued and outstanding common shares of Mooncor as of April 29, 2008. As a result of this transaction, Brownstone and its joint actors collectively held, as at April 29, 2008, an aggregate of 6,187,500 common shares of Mooncor, or approximately 10.4% of all issued and outstanding common shares as at April 29, 2008. Of these totals, Brownstone owns only the Common Shares.

These transactions were made for investment purposes and Brownstone and or its joint actors could increase or decrease its investment in Mooncor depending on market conditions or any other relevant factor.

About Brownstone

Brownstone Ventures Inc. is a well-financed Canadian-based, energy focused investment company with direct interests in oil and gas exploration projects, including working interests in almost 300,000 acres in the Piceance/Uinta Basins of Colorado and Utah, 295km2 in the Assam/Arakan Basin, Northeast India and 253,000 acres in Rio Negro, Argentina. For additional information, please see Brownstone's website:

Statements in this release that are forward-looking statements, including those in respect of the drilling program for the North Barcus Creek wells, are subject to various risks and uncertainties including the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporations' periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not assume the obligation to update any forward-looking statement, except as required by law.

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

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