Brownstone Ventures Inc.

Brownstone Ventures Inc.

June 12, 2008 14:32 ET

Brownstone Enters Into Investor Relations Agreement

TORONTO, ONTARIO--(Marketwire - June 12, 2008) - Brownstone Ventures Inc. (TSX VENTURE:BWN) ("Brownstone") has entered into an investor relations agreement (the "IR Agreement") with Doyle Investments Inc. ("Doyle"). Doyle is an investor relations company based in Vancouver and it will provide a variety of promotional and investor relations services to Brownstone, including assisting with the dissemination of news and information to the public and initiating and maintaining contact with brokers and the investment community.

Mr. Inwentash commented, "Brownstone has achieved several milestones in the past several months, including the commencement of drilling programs in Argentina and Brazil and the entry into the Quebec shale gas play. We are well positioned and have retained Doyle to assist Brownstone in enhancing its investor communications and the dissemination of Brownstone's progress on its many oil and gas projects".

The initial term of the IR Agreement is 12 months. Brownstone will pay Doyle a fee of $7,500 per month plus expenses. Brownstone has also granted to Doyle 400,000 stock options, exercisable at $1.50 per share for a term of up to two years. The options are subject to a four-month hold period and vest quarterly over a period of 12 months.

About Brownstone

Brownstone Ventures Inc. is a well-financed Canadian-based, energy focused investment company with equity interests and direct interests in oil and gas exploration projects, including working interests in almost 300,000 acres in the Piceance/Uinta Basins of Colorado and Utah, 295km2 in the Assam/Arakan Basin, Northeast India, 253,000 acres in Rio Negro, Argentina and interests in several projects in Brazil.

The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.

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