Juno Capital Corp.
NEX BOARD : JNO.H

January 24, 2007 08:00 ET

Juno Capital Corp. to Host Annual and Special Meeting to Approve Its Previously Announced Qualifying Transaction With North Peace Energy

CALGARY, ALBERTA--(CCNMatthews - Jan. 24, 2007) -

(NOT FOR DISSEMINATION IN THE UNITED STATES)

Juno Capital Corp. (NEX BOARD:JNO.H) ("Juno"), a capital pool company listed on the NEX board of the TSX Venture Exchange, will today be hosting its annual and special meeting of shareholders to approve its previously announced qualifying transaction with North Peace Energy Inc. ("North Peace" or the "Company"). The meeting of Juno shareholders is scheduled to occur on January 24, 2007 at 11:30 a.m.

North Peace is a junior oil and gas exploration company incorporated in Alberta with its principal asset being approximately 60,480 net acres (86,400 gross) of prospective oil sands leases in north central Alberta. North Peace has largely completed its early stage evaluation drilling and testing program. Initial results are being assessed, and are encouraging to date. North Peace has retained Worldwide Consulting to define resource characterization and to support further planned drilling operations. In addition, the Company is in the process of advancing a thermal project feasibility review. North Peace has a seasoned, experienced board and senior management, and is in the process of securing additional technical expertise to maximize the potential of its asset base.

Forward Looking Statements

Certain statements contained in this release constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will be proven to be correct and such forward-looking statements included in, or incorporated by reference into, this release should not be unduly relied upon. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be.

The Company undertakes no obligation to publicly update or revise any forward-looking statements.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Juno Capital Corp.
    Louis R. Dufresne
    President
    (403) 262-6024
    (403) 262-6072 (FAX)
    or
    North Peace Energy
    Website: www.northpec.com