Opal Energy Corp.
TSX VENTURE : OPA

Opal Energy Corp.

June 01, 2011 09:30 ET

Opal Energy Announces Share Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2011) -Opal Energy Corp. ("Opal") (TSX VENTURE:OPA) announces that it is consolidating its issued common shares on a basis of one (1) new common share for fifty (50) old common shares. The share consolidation was approved by special resolution of Opal's shareholders at Opal's annual general and special meeting held on May 20, 2011. The share consolidation is subject to TSX Venture Exchange approval.

Opal Energy Corp.

Opal Energy Corp. is an independent oil and gas exploration and production company based in Vancouver, B.C.

On behalf of the Board of Directors
Opal Energy Corp.
David Hughes
CFO and Director

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 events or developments that Opal expects are forward-looking statements. Although Opal 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. 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 Opal, Investors should review Opal'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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