Orleans Energy Ltd.

Orleans Energy Ltd.

June 12, 2008 13:40 ET

Orleans Energy Announces Conditional Approval for TSX Listing

CALGARY, ALBERTA--(Marketwire - June 12, 2008) - Orleans Energy Ltd. ("Orleans" or the "Company") (TSX VENTURE:OEX) is pleased to announce today that the Toronto Stock Exchange ("TSX") has conditionally approved the listing of Orleans' common shares, subject to the Company satisfying certain customary filing requirements of the TSX. The Company will make an application to the TSX Venture Exchange ("TSXV") to voluntarily delist its common shares from the TSXV, such delisting to be effective as of the date the Company's common shares commence trading on the TSX.

Orleans' graduation to the TSX will mark another progressive stage in the Company's continued growth profile. Additionally, the listing of Orleans' common shares on the TSX will provide the Company with access to Canada's largest stock exchange while enhancing Orleans' trading liquidity and visibility within North American capital markets.

Orleans Energy Ltd. is a Calgary, Alberta-based emerging crude oil and natural gas company, with common shares presently trading on the TSX Venture Exchange under the symbol "OEX". Orleans is a team of dedicated, experienced professionals focused on the creation of shareholder value via acquisition and development of crude oil and natural gas assets in Alberta.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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