Qeva Group Inc.

Qeva Group Inc.

September 08, 2005 17:58 ET

Qeva Group Announces Private Placement

CALGARY, ALBERTA--(CCNMatthews - Sept. 8, 2005) - Qeva Group Inc. ("Qeva") announces that the Board of Directors has approved a non-brokered private placement of 10MM units at an issue price of $0.15 per unit. Each unit will consist of 1 common share and one half share purchase warrant. One whole warrant has an exercise price of $.20 per share for a six month period from the date of closing.

The use of proceeds will used to purchase an oil producing property in Alberta. The remainder of the proceeds will be used for corporate affairs and the pursuit of a North Sea entry opportunity.

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