Gastem Inc.

Gastem Inc.

May 19, 2010 09:15 ET

Gastem: Oslo Secondary Listing

MONTREAL, QUEBEC--(Marketwire - May 19, 2010) - In reference to the decision and release dated April 28th 2010 by the Oslo Stock Exchange, Gastem (TSX VENTURE:GMR) is conditionally accepted for listing on or prior to June 11th 2010. As a result of the recent difficult market conditions, the company has applied for an authorisation effectively granting another 45 day period to satisfy listing requirements. This will allow the Company more flexibility in a volatile environment.

Gastem is an independent oil and gas exploration and development company based in Montreal. The company holds exploration and storage permits and rights in the St. Lawrence Lowlands, the Gaspe Peninsula and the Magdalen Islands in Quebec as well as rights and interests in New York State and Virginia.

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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