SOURCE: Enernorth Industries Inc.

June 27, 2005 19:02 ET

EnerNorth Industries Inc. Corporate Update

TORONTO -- (MARKET WIRE) -- June 27, 2005 -- EnerNorth Industries Inc. (AMEX: ENY) (FSE: EPW1) (www.enernorth.com) ("EnerNorth" or the "Company") announces that it has received a decision from the Superior Court of Justice for the Province of Ontario with respect to an application filed by Oakwell Engineering Limited to enforce a Singapore Judgment against the Company. The Judge ordered that the Singapore Judgment be enforceable in Ontario. The Company expects to Appeal the Judgment in the Court of Appeal for Ontario.

About EnerNorth Industries Inc.

EnerNorth is a junior oil and gas company carrying out operations through production, development and exploration of oil and gas primarily in Alberta, Canada.

There are approximately 4.06 million shares issued and outstanding in the capital of the Company.

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"), which reflect the Company's current expectations regarding the future results of operations, performance and achievements of the Company. The Company has tried, wherever possible, to identify these forward-looking statements by, among other things, using words such as "anticipate," "believe," "estimate," "expect" and similar expressions. These statements reflect the current beliefs of management of the Company, and are based on current available information. Accordingly, these statements are subject to known and unknown risks, uncertainties and other factors which could cause the actual results, performance or achievements of the Company to differ materially from those expressed in, or implied by, these statements. (See the Company's Annual Information Form and Annual Form 20 F for Risk Factors.) The Company is not obligated to update or revise these "forward-looking" statements to reflect new events or circumstances.

Suite 301
2 Adelaide Street West
Toronto, Ontario, M5H 1L6
Telephone: 416 861-1484
Facsimile: 416 861-9623
www.enernorth.com

Contact Information

  • For further information, contact:
    Scott T. Hargreaves, CA, CFA
    Chief Financial Officer
    Telephone: (416) 861-1484
    www.enernorth.com