Junex inc.

Junex inc.

March 15, 2006 13:01 ET

Junex Inc. completes new issue

QUEBEC, Dec. 15 - Junex Inc. (JNX : TSX Venture Exchange)
announces that it has completed its previously-announced new issue in Québec,
Ontario and British Columbia by issuing 1,150,000 common shares at a price of
$1.10 per share, for proceeds to Junex of $1,265,000. Junex will use the net
proceeds from the offering primarily to further develop its Haldimand oil

The lead agent for the public offering was Laurentian Bank Securities
Inc. At the closing, Junex granted warrants to Laurentian Bank Securities,
entitling it to acquire 89,800 additional common shares at a price of $1.10
per share for two years.

As a result of the closing, there are 44,381,493 common shares of Junex
issued and outstanding.

About Junex

Junex is a junior oil and gas exploration company that holds exploration
rights on more than 4 million acres of land located in the Appalachian basin
in the province of Québec. Recent major discoveries in the United States and
Eastern Canada have stimulated exploration in Québec, 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 is active
in the production and marketing of natural brine, as well as the provision of
drilling services for oil and natural gas wells.

Contact Information

  • JUNEX: Jean-Yves Lavoie, President and Chief
    Executive Officer, (418) 654-9661; Dave Pépin, Vice-President, Corporate Affairs, (418) 654-9661; LAURENTIAN BANK SECURITIES INC.: Patrick Langlois, Investment Banking - Institutional Equity, (514) 350-3045, langloisp@vmbl.ca