Junex inc.

Junex inc.

June 28, 2011 10:58 ET

Mr. Jean-Yves Lavoie, P. Eng., President and CEO of Junex, Resigns From the Strategic Environmental Assessment's Committee

QUEBEC CITY, QUEBEC--(Marketwire - June 28, 2011) - Mr. Jean-Yves Lavoie, P. Eng, President and CEO of Junex (TSX VENTURE:JNX), announces that he is resigning from the Strategic Environmental Assessment's Committee regarding the sustainable development of Quebec's Shale Gas industry.

"After having participated in a few Committee meetings, I concluded that my presence could in some ways be in conflict. In order to not be harmful to the credibility of the Committee and in respecting all of its members, I decided to resign from my participation to this important matter" explained Mr. Lavoie.

Just as he had done during the process of the Bureau d'audiences publiques sur l'environnement (BAPE) inquiry last fall, Mr. Lavoie remains available, as an expert, for Committee requirements.

About Junex

Junex is a junior oil and gas exploration company that holds exploration rights on more than 6 million acres of land located in the Appalachian basin in the Province of Quebec. The company is in the heart of the Utica Shale gas discovery located in the St. Lawrence Lowlands. As of December 31, 2010, Junex has a working capital of more than 17 million dollars. In parallel to its exploration efforts, Junex's goal is to achieve positive cash flows from its natural brine and drilling services operations.¸

Forward-Looking Statements and Disclaimer

Certain statements in this press release may be forward-looking. Forward-looking statements are based on the best estimates available to Junex at the time and involve known and unknown risks, uncertainties and other factors that may cause Junex's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. A description of the risks affecting Junex's business and activities appears under the heading "Risks and Uncertainties" on pages 8 to 11 of Junex's 2010 annual management's discussion and analysis, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that Junex will derive therefrom. In particular, no assurance can be given as to the future financial performance of Junex. Junex disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event. The reader is warned against undue reliance on these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Junex Inc.
    Mr. Jean-Yves Lavoie

    Junex Inc.
    Mr. Dave Pepin
    Vice President - Corporate Affairs