Kroes Energy Inc.
TSX VENTURE : KRS

Kroes Energy Inc.

July 14, 2008 18:33 ET

Kroes Energy Inc. Extends Offer to Purchase Shares of Vecta Energy Corporation

CALGARY, ALBERTA--(Marketwire - July 14, 2008) - Kroes Energy Inc. ("Kroes") (TSX VENTURE:KRS) today announced that it has extended its offer to purchase all of the outstanding shares and debenture of Vecta Energy Corporation ("Vecta"). The offer was scheduled to expire on July 3, 2008, was extended to today's date and is now further extended to July 23, 2008 at 4:30 pm Mountain Daylight Time.

On May 29, 2008 Kroes offered to purchase all of the outstanding shares and debenture of Vecta through the issue of approximately 36 million common shares of Kroes. The Board of Directors of Vecta has unanimously recommended that its shareholders accept the offer and tender their shares. The extension will allow time for receipt of regulatory approval.

A Notice of Extension will be mailed to Vecta securityholders, filed with regulatory authorities and placed on the SEDAR website (www.SEDAR.com) under Kroes' profile.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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