Junex inc.
TSX VENTURE : JNX

Junex inc.

May 02, 2006 23:59 ET

JUNEX files its annual statement of reserves data and other oil and gas information

QUEBEC CITY, May 2, 2006 - NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES.

Junex Inc. (JNX : TSX Venture Exchange)filed today with the securities
regulatory authorities in the provinces of Quebec, Ontario, Alberta and
British Columbia its statement of reserves data and other oil and gas
information (51-101F1) pursuant to National Instrument 51-101
Standards of Disclosure for Oil and Gas Activities of the Canadian
Securities Administrators, along with the Report of an Independent Qualified
Reserves Evaluator (51-101F2) and the Report of the Management and Directors
of Junex (51-101F3) relating thereto.



The company also filed an independent report of evaluation of
hydrocarbons and natural brine reserves. These Reports assign the following
numbers to the proven and probable reserves of oil, natural gas and natural
brine:

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Reserves Category Group of Net present value of future net
production revenues before income taxe
discounted at 10% per year
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Proven reserves Natural gas $ 5,605,810

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Probable reserves Natural gas $ 3,619,296
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Proven reserves Oil $ 0
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Probable reserves Oil $ 4,083,292
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Total of proven and
probable reserves Oil and gas $ 13,308,398
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Proven reserves Natural brine $ 26,391,308
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Probable reserves Natural brine $ 26,286,898
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Total of proven and
probable reserves Natural brine $ 52,678,206
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Total of proven and Oil, gas and
probable reserves Natural brine $ 65,986,604
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Copies of each of the foregoing reports are available on the SEDAR
website at: www.sedar.com

About Junex

Junex holds exploration rights on more than 4 million acres of land
located in the Appalachian basin in the province of Quebec. Recent major
discoveries in the United States and Eastern Canada have stimulated
exploration in Quebec, which is located in a favourable geological setting for
oil and gas discovery. Junex's strategy is to reduce exploration risks by
entering into partnerships with other exploration companies. In parallel to
its exploration efforts, Junex goal is to achieve positive cash flows from its
natural brine and drillings services operations. Junex also holds a 12%
interest in Petrolia (PEA : TSVX) and a 8% interest in Gastem (GMR : TSXV).

The TSX Venture Exchange refuses all responsibilities concerning the
veracity or exactitude of this release.
%SEDAR: 00015378EF

Contact Information

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

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