Dobhai Ventures Inc.
TSX VENTURE : DOB.P

December 18, 2009 16:16 ET

Dobhai Ventures Inc.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2009) - Dobhai Ventures Inc. (TSX VENTURE:DOB.P) (the "Company") announces that, further to its previous announcements relating to its proposed qualifying transaction with Produced Water Solutions Inc. ("PWS"), the Company and PWS continue to work toward preparing their submissions to the TSX Venture Exchange.

The Company has completed the previously announced working capital loan of $200,000 to PWS. Under the terms of the loan, interest on the principal will accrue at a rate of 5% per annum and principal and interest are payable on demand and on default. PWS has granted Dobhai a general security agreement over all of its assets, and PWS has agreed to work within an operating budget.

The Company continues to work on completing its filing statement for the transaction, and PWS continues to work to complete its required financial statements. Also, the assignment agreement with Montana Mining Corp. has been extended into 2010.

Neither 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.

Contact Information