Loon Energy Inc.

Loon Energy Inc.

April 24, 2008 17:29 ET

Loon Energy Inc.: Year End Financial Statements and MD&A for December 31, 2007

CALGARY, ALBERTA--(Marketwire - April 24, 2008) - Loon Energy Inc. ("Loon") (TSX VENTURE:LEY) announces that the audited financial statements and Management Discussion and Analysis ("MD&A") for the period ended December 31, 2007 have been filed on SEDAR (www.sedar.com).

Loon is an international oil and gas exploration and production company having direct interests in Brunei, Syria, Colombia, Peru and Slovenia and exposure to a major exploration and development program in Pakistan through its shareholding in Jura Energy Corporation. For further information, please refer to the Loon website (www.loon-energy.com).

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