Gastem Inc.
TSX VENTURE : GMR

Gastem Inc.

March 06, 2008 12:44 ET

Jon Kelafant Joins Gastem Board

MONTREAL, QUEBEC--(Marketwire - March 6, 2008) - Gastem (TSX VENTURE:GMR) is pleased to announce that Mr. Jonathan Kelafant has joined its Board of Directors.

Mr. Kelafant (M. Sc. George Washington University) is Senior Vice President of Advanced Resources International and President of Utica Energy. He has over 22 years of experience in developing oil and gas projects, notably shale projects, in the US as well as overseas. His experience includes managing exploration and development programs in southern Africa, Ukraine, China, India, the US and several other countries. He is a member of the American Association of Petroleum Geologists and a past President of the National Capital chapter of the Society of Petroleum Engineers.

As president of Utica Energy, a private company, Mr. Kelafant has drilled and fractured two wells in 2007 in the Utica Shale formations of New York State. His knowledge of shales and non-conventional gas production in Eastern North America will be valuable in developing Gastem's Utica projects in Quebec, New York and elsewhere.

Gastem (49 870 659 shares outstanding) is an independent oil and gas exploration company based in Montreal. The company holds exploration and storage rights to 3,135 km2 of land in the St. Lawrence Lowlands and the Gaspe Peninsula in Quebec as well as rights and interests in Alberta and West Virginia. Gastem also collects revenues from a participation in the Amber Bank shale gas project with Epsilon Energy in West Virginia.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

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