Outlook Resources Inc.

Outlook Resources Inc.

June 01, 2006 12:22 ET

Outlook Announces Additions to Management Team

TORONTO, ONTARIO--(CCNMatthews - June 1, 2006) - Outlook Resources Inc. ("Outlook" or the "Company") (TSX VENTURE:OLR) an emerging renewable energy company focussed on ethanol and bio-diesel production, is pleased to announce the following additions to its Management Team. Mr. Dennis Patkau joined Outlook as Vice President - Aquaculture, and Mr. Roy Eyjolfson is joining the team as Ethanol Operations Consultant.

Mr. Patkau comes to Outlook following fourteen years with Rogers Wireless. As an integral part of the Rogers, Midwest leadership team from 1999-2005, his contributions helped grow a 5 million dollar region to a 60 million dollar region. Dennis is a resourceful sales leader with extensive broad based, entrepreneurial experience in a management role and expertise in strategic planning, coaching, mentoring and long term relationship building. Dennis was born and raised in Winnipeg where he resides today with his wife and three children.

Mr. Eyjolfson joins Outlook following a 30 year career at the Seagram's distillery at Gimli, Manitoba. Roy started with Seagram's in 1974 while completing his B.Sc. in Microbiology & Chemistry, at the University of Manitoba (1976). During his 30 year tenure at Seagram's Roy worked as Distillery Manager, Plant Engineer, Quality Control Manager, Operations Manager and ultimately as Vice President - Supply and Operations before retiring in June of 2005.

Roy brings the knowledge and expertise of a seasoned, experienced alcohol plant operations manager with 30 years of progressive roles in a modern unionized manufacturing environment to Outlook's Management team.

Mr. John Bottomley, Outlook's President & CEO stated, "We are very pleased to attract such high calibre people to our Management Team. Dennis' local contacts and extensive networking abilities are a huge asset to the development and expansion of the Aquaculture division's sales and its marketing ability and Roy's operations expertise will be invaluable to the Company and our partners over the long term as Outlook executes the development of its ethanol business model in the Bio-Economy Parks."

Outlook's Board of Directors has approved the issuance of Employee Stock Options to Mr Patkau and Consultant's Stock Options to Mr Eyjolfson as part of their compensation packages as follows: Mr Patkau, 300,000 @ $0.10 for 5 years and Mr. Eyjolfson, 150,000 @ $0.10 for 5 years.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. The use of the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by the Company with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as productivity of the Company's Aquaculture Operations, changes in demand for and prices for the products of the Company or the materials required to produce those products, labour relations matters, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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

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