Eurogas Corporation Changes Its Name to Dundee Energy Limited

TORONTO, ONTARIO--(Marketwire - June 16, 2011) - Eurogas Corporation (TSX:EUG) (the "Corporation") is pleased to announce that pursuant to a special resolution passed by the shareholders of the Corporation at its annual and special meeting held on June 14, 2011, the Corporation has changed its name to "DUNDEE ENERGY LIMITED" to properly reflect all of the business operations of the Corporation in the energy sector, in both Canada and Europe. Effective on or about June 22, 2011, the common shares of the Corporation will commence trading on the Toronto Stock Exchange under the name "Dundee Energy Limited" with the new trading symbol "DEN".

About the Corporation

The Corporation is currently listed on the Toronto Stock Exchange under the symbol "EUG" and is engaged in oil and natural gas operations in Ontario and indirectly in the development of a major underground storage facility off the east coast of Spain. For more information on the Corporation, visit the website www.eurogascorp.com.