Junex inc.

Junex inc.

December 23, 2005 13:18 ET

Junex announces closing of $1.86 million private placement

QUEBEC, Dec. 23 - Junex Inc. (TSX VENTURE:JNX) has completed its
previously-announced private placement by issuing 1,488,000 "flow-through"
common shares at a price of $1.25 per share to investors in Quebec, Ontario,
Alberta and British Columbia, for gross proceeds to Junex of $1,860,000.
National Bank Financial Inc. acted as agent for the private placement.

In connection with the private placement, Junex issued a broker warrant
to National Bank Financial Inc., entitling it to acquire 89,280 common shares
of Junex at a price of $1.25 per share until June 23, 2007.

Under applicable securities legislation and the policies of the TSX
Venture Exchange, the common shares and broker warrants issued in connection
with the private placement are subject to a hold period expiring on April 24,

Junex will use the proceeds from the issuance of the "flow-through"
shares for continued exploration of its properties in Quebec.

As a result of the private placement, there are 39,985,319 common shares
of Junex issued and outstanding.

About Junex

Active in the energy sector, Junex is a unique company in Quebec since it
is the only natural brine and natural gas producer in the province. In
parallel to these production activities, which are focussed on the Bécancour
area for brine and the Gaspé area for natural gas, Junex is pursuing its
efforts to develop an underground storage facility for natural gas under the
industrial park of Bécancour. With more than 4 million acres under exploration
permits, Junex is also the leader in oil and gas exploration in Quebec.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
%SEDAR: 00015378EF

Contact Information

  • Mr. Jean-Yves Lavoie, President, Junex Inc.,
    (418) 654-9661;

    Mr Dave Pépin, Corporate Affairs, Junex Inc.,
    (418) 654-9661