SOURCE: Modern Energy Corp.

July 19, 2007 05:28 ET

Modern Energy Corp. Begins Trading on Frankfurt Exchange Under Symbol "ME2"

Natural Gas Producer to Ramp Up Business Development

LOS ANGELES, CA--(Marketwire - July 19, 2007) - Modern Energy Corp. (PINKSHEETS: MODR), announced that the company's stock is now trading on the third tier of the Frankfurt Stock Exchange as "ME2" and "ME2.F."

James Stewart, CEO of Modern Energy Corp., said, "The listing of MODR on the Frankfurt Stock Exchange assists European investors with an interest in natural resources on the company's progress and increases the Company's visibility throughout the European Union. We believe that the Frankfurt Stock Exchange listing will assure our investment story to reach a much larger European investor audience as we ramp up our corporate development profile."

Modern Energy is a development stage investment company with three areas of interests:

-- Oil and Natural Gas development and production. The company is currently producing a modest amount of natural gas from one natural gas well. Recent geologic and engineering studies indicate a potential 2.8 billion cubic feet of natural gas reserves in the area under the company's property in Oklahoma. The company believes that at least six other productive wells could be drilled on the property.

-- Biofuel feedstock cultivation potential on company land holdings totaling over 250,000 hectares (600,000 acres) in the Philippines. The company is negotiating with potential investors/partners that may invest in this potentially highly profitable and environmentally sound palm and jatropha oils business.

-- Mineral mining potential on company land holdings in the Philippines. The company's Mindanao land also has mineral rights where potentially valuable quantities of copper, gold, silver and other minerals are likely to be present. The company will further assess the property and determine which minerals are commercially viable as a prelude to obtaining a corporate partner for mining development.

To be added to the company's e-mail database for company and industry updates and company press releases, please send an e-mail to info@ModernEnergyCorp.com.

About Frankfurt Stock Exchange

FWB® Frankfurter Wertpapierbörse (Frankfurt Stock Exchange), is one of the world's largest trading centers for securities and the largest of the seven German stock exchanges. Deutsche Börse AG operates the Frankfurt Stock Exchange, an entity under public law. In this capacity it ensures the smooth functioning of exchange trading. The Frankfurt Stock Exchange facilitates advanced electronic trading, settlement and information systems and, therefore, is able to meet the steadily growing requirements of cross-border trading. Besides traditional floor trading, it has in Xetra® one of the leading electronic trading platforms in the world. With the launch of Xetra in 1997, the Frankfurt Stock Exchange succeeded not only in strengthening its own competitive position. It also created attractive framework conditions for foreign investors and market participants. Today, the Frankfurt Stock Exchange is an international trading center. This is also reflected in its member structure. Some 140 of around 300 market participants come from abroad.

About Modern Energy Corporation (www.ModernEnergyCorp.com)

Modern Energy Corp. (MODR & ME2), founded in 1996, is a development stage investment company with interests in land for mineral mining development and agricultural land in the Philippines for palm oil production for bio-fuels from undeveloped plantations. The company is currently producing natural gas and plans on an increase in the development of natural gas wells in Oklahoma.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Modern Energy Corporation's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, development costs and risks, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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