SOURCE: Timberlake Energy Solutions Inc.

April 19, 2010 10:43 ET

Timberlake Energy Solutions Inc. Enters Into LOI to Acquire Oil and Gas Prospect in Nevada

Geological Studies Indicate Prospective Resources of up to Five Billion BOE (Barrels of Oil Equivalent) or Over Several Trillion Cubic Feet of Gas

OVERLAND PARK, KS--(Marketwire - April 19, 2010) -  Timberlake Energy Solutions Inc. (FRANKFURT: T2YA) (PINKSHEETS: TLKE), an exploration company focused on purchasing oil and gas leases in the United States, announced today that it has entered into a Letter of Intent to acquire a huge oil and gas prospect in Nevada. The mineral rights and lease prospect is over 35,000 acres or approximately 58 square miles in size.

Timberlake President Bob Bowersock commented, "Serial transect mapping, together with its proprietary gravity survey and subsurface well investigations were implemented. The commercial aeromagnetic surveys and seismic data delineate a large-relief structural closure with several culminations that extend for a distance of 18 miles north and south and could yield billions of Barrels of Oil Equivalent."

He also added, "Based on these considerations, the prospect offers a better chance of success with high resource potential than a large percentage of the frontier-area types of plays throughout the Great Basin to include lower risk and a considerably high reserve potential."

The company will provide additional information on this agreement as it becomes available.

About Timberlake Energy Solutions Inc.

Timberlake Energy Solutions Inc. is an exploration company focused on purchasing oil and gas leases in the United States. With an experienced technical team, these oil and gas wells are refurbished and outfitted with the latest in oil and gas recovery equipment. Timberlake Energy Solutions has advanced technology to reclaim and put these wells back into production, hence increasing the well value significantly. Timberlake operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Lambton, and Kent, Counties, Ontario. In addition to its main operating focus, the company is actively exploring projects in the Appalachian and Michigan Basins.

Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information