Outlook Resources Inc.
TSX VENTURE : OLR

Outlook Resources Inc.

June 14, 2007 11:46 ET

Outlook Establishes Corporate Finance Presence in China

TORONTO, ONTARIO--(Marketwire - June 14, 2007) - Outlook Resources Inc. ("Outlook" or the "Company") (TSX VENTURE:OLR) is pleased to announce the establishment of a Corporate Finance and Business Development presence in the city of Fuzhou, Fujian province China.

Fuzhou is the capital city of Fujian Province, located on China's south-eastern coast. With a long tradition as a coastal port and shipbuilding center, Fuzhou is the major coastal city between Hong Kong and Shanghai. Fuzhou lies on the Min River, in the east of Fujian Province, some 50 km (30 miles) from the sea. The city is on a subtropical plain close to the Fu Mountains. It is 700 km (435 miles) northeast of Hong Kong, and 1,500 km (930 miles) southeast of Beijing. As the central city in a province with many ethnic and linguistic links to Taiwan, Fuzhou has benefited from cross-strait investment and is today a major commercial and manufacturing center. Because of Fuzhou's proximity to Taiwan, and the ethnic and linguistic closeness of the two regions, cross-strait investment has made Fuzhou one of China's most prosperous cities.

The Company has entered into a consulting agreement with Mr. Au Kai Shing as Director - Corporate Finance - China. Mr. Au graduated from the University of Manitoba after completing his B.Sc., Civil Engineering in 1980. He is a Canadian citizen who resides in Scarborough, Ontario with his wife and children when not in China for business.

Mr. Au is presently working as General Manager for The Right Joint Real Estate Development Company Ltd., in Fuzhou since June of 2005 working with a variety of commercial real estate developers in addition to seeking Overseas Business Opportunities & Overseas Real Estate developments.

Mr. Au also serves as a Director of the Fuzhou Chamber of Commerce and as General Manager for the Fuzhou China-Canada Super Private Exit & Entry Co., Ltd., working with the Fujian Government's training schools to train skilled workers to work in Australia and Canada. Mr. Au is also and advisor to immigrant investors to Canada & Australia and provides support for cooperation between Chinese & Canadian high school Education Boards.

As part of his consulting agreement the Company has granted the consultant one million stock options priced at $0.10 per share for a period of 2 years vesting as to 25% every 6 months.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. The use of the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by the Company with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as productivity of the Company's Aquaculture Operations, changes in demand for and prices for the products of the Company or the materials required to produce those products, labour relations matters, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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

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