Epsilon Energy Ltd.

Epsilon Energy Ltd.

May 17, 2011 18:39 ET

Epsilon Energy Ltd. Announces Recommencement of Completions in Pennsylvania

CONCORD, ONTARIO--(Marketwire - May 17, 2011) - Epsilon Energy Ltd. ("Epsilon" or the "Company") (TSX:EPS) announces today that further to the Company's press release dated May 9, 2011, Epsilon is pleased to report that it was recently informed that Chesapeake Energy was resuming hydraulic fracturing and other completion operations at its Pennsylvania Marcellus Shale wells effective immediately.

Epsilon also announces that Eva Wolosiuk has resigned as Chief Financial Officer of the Company for personal reasons, effective May 16, 2011. Epsilon's board of directors will undertake an immediate search for a new CFO and, in the meantime, in addition to his present duties as Executive Chairman, President and CEO, Zoran Arandjelovic, will act as interim CFO.

About Epsilon Energy Ltd.

Epsilon is engaged in the exploration and production of natural gas reserves. The Company also has participating interests and production sharing agreements in other natural gas and oil plays within North America and Africa. Established in 2005, the Company has been a producer of natural gas and oil since 2006. Epsilon's ongoing business strategy involves focused targeting of lower risk natural gas properties within the Marcellus Shale and other parts of Canada and the United States, as well as the high potential oil and gas properties in Africa.

Special note for news distribution in the United States

The securities described in the news release have not been registered under the United Stated Securities Act of 1933, as amended, (the "1933 Act") or state securities laws. Any holder of these securities, by purchasing such securities, agrees for the benefit of Epsilon that such securities may not be offered, sold, or otherwise transferred only (A) to the Company or its affiliates; (B) outside the United States in accordance with applicable state laws and either (1) Rule 144(as) under the 1933 Act or (2) Rule 144 under the 1933 Act, if applicable.

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