Eurogas International Inc. Announces Extension of Term of Sfax Permit, Offshore Tunisia


TORONTO, ONTARIO--(Marketwire - July 7, 2011) - Eurogas International Inc. ("Eurogas International" or the "Corporation") (CNSX:EI) announces that the Tunisian authorities have approved the extension of the term of the Sfax Permit by one year, to December 9, 2012, with no additional obligations imposed on the Corporation.

ABOUT THE CORPORATION

Eurogas International Inc. is an independent oil and gas exploration company listed on the Canadian National Stock Exchange under the symbol EI.

Contact Information:

Eurogas International Inc.
c/o Dundee Corporation
28th Floor, Dundee Place
1 Adelaide Street East
Toronto, ON M5C 2V9

Eurogas International Inc.
Jaffar Khan
President & CEO
(403) 264-4985
(403) 262-8299 (FAX)
www.eurogasinternational.com