Dalmac Energy Inc.
TSX VENTURE : DAL

Dalmac Energy Inc.

June 23, 2008 18:50 ET

Dalmac Proposes to Make Acquisition

EDMONTON, ALBERTA--(Marketwire - June 23, 2008) - John Babic, President and CEO of Dalmac Energy Inc. ("Dalmac") (TSX VENTURE:DAL) announces that its subsidiary, Dalmac Oilfield Services Inc., has made a formal proposal to acquire the business and assets of Tinky Rentals Limited Partnership and Tinky Trucking Limited Partnership (the "Tinky Group") for a purchase price of $3.6 million. Of this amount, $1.8 million is to be paid on closing with the balance being paid by vendor takeback debt and redeemable shares of the acquisition company. The proposal has been made by way of a binding letter of intent, subject to completion of a definitive agreement. This proposal has been approved by the court for the partnerships, and a formal court order is expected to be completed by June 27, 2008.

The Tinky Group, based in Edson, Alberta, is a supplier of oilfield rental equipment along the foothills and eastern slopes of Alberta's Rock Mountains and regions of Northeastern British Columbia, and provides delivery and transportation services for the rental equipment and customers' oilfield equipment. The Letter of Intent is a binding agreement conditional only on completion of a definitive agreement. It is anticipated that this transaction will close in or about the first week of July, 2008.

This acquisition is expected by management to be very accretive to Dalmac's operations. In addition to creating an immediate increase to existing revenue, earnings and cash flows it will also allow Dalmac to leverage existing products and services into a new geographic market area.

Statements throughout this report that are not historical facts may be considered "forward looking statements". Such statements are based on current expectations that involve risks and uncertainties, which could cause actual results to differ from those anticipated. Important factors that can cause anticipated outcomes to differ materially from actual outcomes include the impact of general economic conditions, industry conditions, competition from other industry participants, volatility of petroleum prices, the ability to attract and retain qualified personnel, changes in laws or regulations, currency fluctuations, continued ability to access capital from available facilities and environmental risks. References in this MD&A to "Dalmac", the "Corporation", "Company", "us", "we" and "our" mean Dalmac Energy Inc. and its subsidiary Dalmac Oilfield Services Inc.

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

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