Avery Resources Inc.

Avery Resources Inc.

June 09, 2005 18:00 ET

Avery Cancels Equity Offering

CALGARY, ALBERTA--(CCNMatthews - June 9, 2005) - Avery Resources Inc. (TSXV:ARY) announces that it has agreed with Jennings Capital Inc., PowerOne Capital Markets Limited and Nash Fitzwilliams Ltd. not to proceed at this time with the proposed private placement of up to 16 million units at a price of $0.50 per unit announced on March 29, 2005.

Avery Resources Inc. is an international junior oil and gas exploration company based in Calgary, Alberta that trades on the TSX Venture Exchange. The company is committed to growing shareholder value through international acquisitions and exploration. Avery's primary interest is in expanding exploration projects in oil and gas basins located in countries that provide significant exploration upside coupled with favourable fiscal and legal systems.

Forward looking statements: Except for statements of historical fact, all statements in this press releases, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

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

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