Gastem Inc.

Gastem Inc.

November 24, 2009 16:18 ET

Gastem: Financing Increased to $6,250,000

MONTREAL, QUEBEC--(Marketwire - Nov. 24, 2009) - Further to the press release issued on November 20th 2009 regarding a proposed brokered private placement financing for an amount of up to $5,000,000 , Gastem (TSX VENTURE:GMR) announces that the proposed financing has been increased for an amount of up to $6,250,000. All other conditions and stipulations regarding the financing remain unchanged.

Gastem is an independent oil and gas exploration and development company based in Montreal. The company holds exploration permits and rights to 3,135 km2 in the St. Lawrence Lowlands, the Gaspe Peninsula and the Magdalen Islands in Quebec as well as properties in New York State and rights or interests in Appalachia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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