Blue Parrot Energy Inc.
TSX VENTURE : BPA

Blue Parrot Energy Inc.

June 23, 2008 17:50 ET

Blue Parrot Energy Announces Payment of Finders Fee

CALGARY, ALBERTA--(Marketwire - June 23, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Blue Parrot Energy Inc. (TSX VENTURE:BPA) announces that it has paid a finder's fee of 7,200,000 common shares at a deemed price of $0.05 per share, payable to Ionic Securities Ltd., in respect of a non-brokered private placement for convertible debentures which was approved by the TSX Venture Exchange in a bulletin dated February 28, 2008.

Blue Parrot Energy Inc. is an oil and natural gas exploration, development and production company based in Calgary, Alberta.

Advisory: This news release contains statements about future events that are forward looking in nature and, as a result, are subject to certain risks and uncertainties such as changes in plans or the occurrence of unexpected events. Actual results may differ from the estimates provided by management.

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

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