SOURCE: Treaty Energy Corporation

June 24, 2010 09:45 ET

Treaty Energy Adds Another Lease in Tennessee

Company's Plan Is to Drill Up to 40 Oil Wells on Its Current Tennessee Leases and to Acquire Additional Leases to Expand Drilling Opportunities

HOUSTON, TX--(Marketwire - June 24, 2010) -  Treaty Energy Corporation (OTCBB: TECO), a growth-oriented energy company in the oil and gas industry, today announced the addition of the COLEMAN CROUCH lease to its oil and gas lease properties in Pickett County Tennessee. This new lease is located across from the recently acquired HERBERT Q. GROCE lease.

The COLEMAN CROUCH lease covers 54 acres and previously had a productive well on the property until being shut years ago.

Treaty Energy currently has three wells at various stages of either completion or re-entry on its Tennessee leases. The Company's first well to strike oil in Tennessee was the ROBIN MOODY #1 well which was the subject of a June 10th news release. This well has been completed and has been tested using a gas powered motor drive to the pump jack. During testing the well produced pure oil with no water, and Treaty's operator estimates that this well will produce between 10 and 15 BRLS per day prior to possible chemical treatment of the well. Electrical power to the well has been "staked" and final installation of electrical awaits the power company's installation crew. 

Pictures of activities at the ROBIN MOODY #1 well site in TN when Treaty struck oil on June 10th can be viewed at the following link: www.treatyenergy.com/flashsite/pickett.html

Treaty Energy plans to start drilling additional new wells on its Tennessee leases after completion of the three re-entry wells that have already been announced. With the two leases just acquired over the last couple weeks Treaty could expect to drill up to 40 new wells as reserves are proven up on each new well.

Andrew Reid, Chairman and CEO of Treaty Energy, stated, "I am very pleased to tell our shareholders that Treaty's Tennessee-based oil and gas leases are rapidly becoming revenue producing properties. It is becoming increasingly clear that our Tennessee properties have the potential to be quite substantial assets as our overall plan to put about 40 wells into production becomes a reality."

About Treaty Energy Corporation
Treaty is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition... These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration. Treaty's headquarters is located in Houston, Texas. For more information go to: www.treatyenergy.com

Forward-Looking Statements:
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the Company's filings with the Securities and Exchange Commission, including Forms SB-2, 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.

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