Opal Energy Corp.

Opal Energy Corp.

March 25, 2009 18:51 ET

Opal Announces Asset Sale Restructuring

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2009) -


Opal Energy Corp. ("Opal") (TSX VENTURE:OPA) announces that the asset sale by Opal's wholly owned subsidiary, Opal Energy Inc. ("Opal USA") announced February 17, 2009 will not close on the terms which were previously announced. Opal USA is re-negotiating the asset sale terms with the original private Texas buyer and is considering offers from new potential purchasers. The re-negotiated terms of the asset sale will be announced when they are finalized.

On behalf of the Board of Directors

Opal Energy Corp.

David Hughes, Director

Michael Curtis, President and CEO

March 25, 2009

This release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, production activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, production and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Opal does not assume a duty to update these forward-looking statements. For more information on the Company, Investors should review the Company's filings that are available at www.sedar.com.

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.

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