Echo Energy Canada Inc.
TSX VENTURE : EEI

Echo Energy Canada Inc.

April 24, 2008 09:52 ET

Echo Energy Canada Inc. Adjourns Annual and Special Meeting

LONDON, ONTARIO--(Marketwire - April 24, 2008) - Echo Energy Canada Inc. (the "Corporation") (TSX VENTURE:EEI) provided an update today regarding the Corporation's annual and special meeting of shareholders that was held yesterday (the "Meeting"). The Meeting was conducted in accordance with directions (the "Directions") given by The Honourable Mr. Justice Morawetz of the Ontario Superior Court of Justice on April 21, 2008.

In accordance with the Directions, the outcome of the voting by shareholders on the election of directors for the ensuing year was not announced at the Meeting based on a determination by the independent Chairman of the Meeting that, in light of the votes cast, such outcome was dependent upon the ability of Challenge Gas Holding AB to exercise the voting rights attached to the 11,016,618 common shares of the Corporation registered in the name of Challenge Gas Holding AB (the "Challenge Shares"). Pursuant to the Directions, the portion of the Meeting that dealt with the election of directors has therefore been adjourned until after the release by the Ontario Superior Court of Justice of its decision arising out of the pending Court proceeding brought by the Corporation and others related to, among other things, the ability of Challenge Gas Holding AB to vote the Challenge Shares. Following the release of that Court decision, the Meeting will be reconvened for the purpose of allowing the independent Chairman of the Meeting to announce the directors elected at the Meeting based upon the voting that occurred at the Meeting and in light of such Court decision.

The Court proceeding regarding, among other things, the voting of the Challenge Shares is expected to be heard in late May 2008. Notice of the date on which the Meeting will be reconvened for the purpose of announcing the directors elected for the ensuing year will be given by the Corporation in accordance with applicable corporate and securities laws, once determined.

About Echo Energy

Echo Energy is a publicly traded energy company with revenue producing natural gas production operations near Port Burwell Ontario, Canada on the shores of Lake Erie.

Issued Common Shares: 60,208,086

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

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