Outlook Resources Inc.

Outlook Resources Inc.

December 15, 2009 08:00 ET

Outlook Resources Inc. Closes Acquisition of ERTH Solutions, Inc.

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2009) - Outlook Resources Inc. ("Outlook") (TSX VENTURE:OLR) is pleased to announce that it has completed the acquisition of 100% of ERTH Solutions, Inc. ("ERTH Solutions"), referred to in its Press Releases dated July 3, 2009, September 22, 2009 and November 10, 2009. The acquisition of the 93% of ERTH Solutions, not already owned by Outlook, was completed as follows:

1. Outlook acquired 100% of ERTH Solutions by issuing to the shareholders of ERTH Solutions, pro rata, 36,000,000 Units of Outlook; and

2. each Unit is comprised of one (1) common share and one (1) common share purchase warrant exercisable to acquire a further Outlook common share at $0.10 for 3 years.

Outlook decided to accelerate its acquisition of ERTH Solutions based on the growing opportunity in sustainable fertilizer products, particularly on the agricultural side. Here, ERTH Solutions low carbon footprint fertility products and systems have substantial upside potential as a provider of low carbon fertility products in the agricultural markets. The securities issued bear a legend and are restricted from trading until at least April 15, 2010. A total of 20,952,936 common shares comprising part of the Units issued to principals of ERTH Solutions are subject to a three (3) year surplus escrow pursuant to the policies of the TSX Venture Exchange.

Outlook current has 202,456,697 common shares issued and outstanding.

About ERTH Solutions

ERTH Solutions is a private US corporation headquartered in Longmont, Colorado with technology, products and processes to deliver low carbon fertility products to the Turf and Ornamental, Home and Garden and Agricultural markets.

About Outlook

Outlook is a bio-resources company with its holdings being a) its Agassiz Arctic Char aquaculture operation just north of Winnipeg Manitoba; and b) ERTH Solutions. Its mission is to nurture its sustainable fertilizer and compatible bio-resources ventures, and to operate them profitably for customers and investors by using the technologies of these ventures combined with Outlook's economies of scale.

The statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, the demand for the Company's products, the availability of funding, and the anticipated costs of construction and operation. These forward-looking statements are made as of the date hereof and Outlook does not assume any obligation to update or revise them to reflect new events or circumstances, except as required by law. Actual events or results could differ materially from the expectations and projections.

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.

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