Desmarais Energy Corporation
TSX VENTURE : DES

Desmarais Energy Corporation

February 22, 2012 16:45 ET

Desmarais Closes Acquisition of Working Interests at Barrhead and Bigoray

CALGARY, ALBERTA--(Marketwire - Feb. 22, 2012) - Desmarais Energy Corporation (TSX VENTURE:DES) (the "Corporation" or "Desmarais") announces that, further to its press release dated February 15, 2012, it has completed the acquisition of certain oil and natural gas assets located in the Barrhead and Bigoray areas of Alberta for total consideration of $160,000, which purchase price has been satisfied by way of issuance of 2,000,000 common shares of Desmarais at a deemed issue price of $0.08 per share.

The common shares issued pursuant to the acquisition will be subject to resale restrictions from the date that is four months and a day from the closing date.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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