Centric Energy Corp.
TSX VENTURE : CTE

Centric Energy Corp.

February 26, 2009 17:06 ET

Centric Extends Warrants

LONDON, ENGLAND--(Marketwire - Feb. 26, 2009) - The Board of Centric Energy Corp. (TSX VENTURE:CTE) confirms that subject to TSX Venture Exchange acceptance, it is extending the exercise period of 4,000,000 common share purchase warrants ("Warrants"), issued pursuant to a private placement announced on May 2, 2008, for one year to a total exercise period of two years ending May 8, 2010. All other Warrant terms remain unchanged.

ABOUT CENTRIC ENERGY

Centric Energy Corp. is engaged in the acquisition, exploration and development of oil and gas in sub-Saharan Africa. Centric's principal property is located in Mali, West Africa in concert with Heritage Oil Corporation (LON:HOIL). For more information please visit our website at www.centricenergy.com.

ON BEHALF OF CENTRIC ENERGY CORP.

Alec E. Robinson, President and CEO

This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward-Looking Statements:

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Centric's periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Centric Energy Corp. does not assume the obligation to update any forward-looking statement except as required by applicable securities laws.

Cautionary Statement:

BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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

Contact Information

  • Centric Energy Corp.
    Alec E. Robinson
    President and CEO
    Toll Free: 1-800-962-7189
    Website: www.centricenergy.com