SOURCE: Modern Energy Corp

June 06, 2008 10:53 ET

Modern Energy Announces Dividend

CHEYENNE, WY--(Marketwire - June 6, 2008) - Modern Energy Corp. (PINKSHEETS: MDRG) (FRANKFURT: ME2C) (FRANKFURT: ME2C.F) announced today that the company is paying its common shareholders a dividend of 2 shares of WESTERN PACIFIC MINERALS, LTD. for every 1 share of MDRG held as of today.

The dividend was announced by NASDAQ as having an Ex-dividend date of June 9, 2008 as per: http://www.otcbb.com/asp/dividend.asp?sym_id=mdrg.

About Modern Energy Corporation

Modern Energy has wholly owned subsidiaries on the island of Mindanao in the Philippines which have mineral rights and agricultural land interests. The mineral rights have the potential for economically viable mining of copper, gold, silver and other minerals. The agricultural land interests involve 250,000 hectares (over 600 thousand acres) of agricultural land suitable for growing palm oil, jatropha and other feedstocks for the production of biodiesel. In addition, the Company holds marketable securities in various companies including but not limited to WESTERN PACIFIC MINERALS, LTD. WALL STREET SECURITIES, INC., XXSTREAM ENTERTAINMENT and INFINITY MINING. The Company is planning on continuing to distribute dividends to Modern Energy shareholders in the form of shares of these marketable securities during 2008.

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