SOURCE: UnionTown Energy Inc.

UnionTown Energy Inc.

October 13, 2010 08:35 ET

Intelbahn Inc. Announces Letter of Intent to Purchase Natural Gas Property

Property Is Located in the Production Rich Cherokee Basin, Kansas

LAS VEGAS, NV--(Marketwire - October 13, 2010) -  Intelbahn Inc. (OTCBB: INBH), a publicly traded and fully reporting American Issuer, announced that it has signed a letter of intent (the "LOI") with JayHawk Energy Inc. for the purchase of a coal seam natural gas property called the UnionTown Project located in Bourbon County, Kansas.

The property is located in the vast Cherokee Basin, which straddles Kansas, Missouri, Arkansas and Oklahoma. The property size is about 45,000 gross acres. Given the large amount of infrastructure nearby, and ability to purchase more leases, the Company intends to build a large scale natural gas production plant, which will feed into domestic natural gas wholesalers and suppliers.

The closing of the transaction contemplated by the LOI will occur no later than 20 business days after the October 11th, 2010 execution of the LOI or such other date as may from time to time be mutually agreed upon in writing by the parties to the LOI. As part of the LOI, Intelbahn will change its name to UnionTown Energy Inc. 

The Company also announced that Mr. Jurgen Wolf is joining Intelbahn as C.E.O. and C.F.O. and a member of the Board of Directors and that Mr. Marshall Diamond Goldberg has come aboard as Technical Advisor and a member of the Board of Directors. The current two directors shall remain as board members but resign their executive positions.

About UnionTown Energy (Intelbahn)
UnionTown Energy Inc. is an Independent Oil & Gas Company whose focus is on the acquisition, development and production of oil and natural gas properties. The Company is pursuing a strategy of building a portfolio of energy producing assets that include coal bed methane, natural gas, shale gas, oil sands and deep natural gas throughout Western Canada and the United States. The Company's has signed a letter of intent on the purchase option for a property is located in Kansas within the Cherokee basin, which has been producing gas from shale and coal deposits for over eighty years and has 2.8 Tcf of potential recoverable CBM. Please visit www.UnionTownenergy.com

Safe Harbor
The information in this release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although the company believes that its expectations are based on reasonable assumptions, actual results may differ materially. These forward-looking statements involve risks and uncertainties that include, among others, fluctuations in natural gas and crude oil prices; the timely receipt of necessary permits and approvals; market demand for, and/or available supplies of, energy-related products and services; unanticipated project delays, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. More information about factors that potentially could affect the Company's financial results is included in its filings with the Securities and Exchange Commission.

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