SOURCE: Timberlake Energy Solutions Inc.

November 27, 2009 08:37 ET

Timberlake Energy Solutions Inc. in Negotiations With Oil Recovery Technology Company

OVERLAND PARK, KS--(Marketwire - November 27, 2009) - Timberlake Energy Solutions Inc. (DE: T2YA) is in negotiations to acquire 60% ownership of an oil recovery technology firm that will earn Timberlake carbon credits while accelerating oil production rates.

The acquisition would include the technology and machinery that would be used to inject Co2 gas into the Timberlake's existing oil fields. The technology has been proven to more than double oil production while reducing carbon in accordance with the company's policy of environmental integrity.

In addition the company is currently implementing geological mapping technologies which help identify hidden oil reserves.

"This acquisition will allow Timberlake Energy Solutions to maximize oil extraction from our oil fields in a responsible manner," added Timberlake company president, Bob Bowersock.

About Timberlake Energy Solutions Inc.

Timberlake Energy Solutions Inc. is a junior exploration company focused on purchasing abandoned or under valued 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.

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