Realm Energy International Corporation
TSX VENTURE : RLM

Realm Energy International Corporation

November 16, 2010 08:55 ET

Realm Energy Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2010) -

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Realm Energy International Corporation ("Realm Energy" or the "Company") (TSX VENTURE:RLM) (www.realmenergy.ca) is pleased to announce that on November 15, 2010, it closed the non-brokered private placement announced on October 28, 2010 (the "Private Placement"). The Private Placement consisted of the sale of 10,000,000 units at a price of $0.60 per unit for gross proceeds of CDN $6 million to Quantum Partners LP, a private investment fund managed by Soros Fund Management LLC. Each of the units comprises one common share of the Company and one half of a transferable common share purchase warrant, with each warrant being exercisable to acquire one further common share of the Company at an exercise price of CDN $0.95 per common share. Warrants issued in connection with the Private Placement can be exercised until November 15, 2012. Subsequent to the closing and upon conversion of the warrants now held by Quantum, Quantum would own approximately 19.5% of the Company's issued and outstanding shares.

In connection with the Private Placement, the Company paid finders' fees of 600,000 units to Peninsula Merchant Syndications Corp., a private merchant bank controlled by Sam Magid, and 300,000 units to BMO Nesbit Burns, for a total of 900,000 units paid as finders' fees.

The net proceeds of the Private Placement will be used to continue the technical evaluation and acquisition of shale gas and shale oil plays throughout continental Europe and for general working capital purposes. The Private Placement remains subject to final acceptance by the TSX Venture Exchange. The common shares and warrants issued in the Private Placement will be restricted from trading for a period of four months from the date of issuance, in compliance with TSX Venture Exchange policies and applicable securities laws.

About Realm Energy

Realm Energy International Corporation is a Canadian domiciled global energy company focused on driving the exploration and development of major shale plays throughout Europe and emerging countries. The Company presently has projects in Poland and Germany and is in the process of acquiring additional petroleum and natural gas rights in large contiguous tracts which it has identified as high potential. Realm is committed to leveraging the most advanced shale technology to bring these resources into production. Visit Realm's website at www.realmenergy.ca.

REALM ENERGY INTERNATIONAL CORPORATION

Craig Steinke, Executive Chairman

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" within the meaning of applicable Canadian provincial securities legislation. Forward-looking statements include, but are not limited to statements with respect to the proposed use of the net proceeds of the Private Placement (as defined above). Forward-looking statements are necessarily based upon estimates and assumptions that, while considered by the Company's management to be reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; or delay or failure to receive regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

THE SECURITIES TO BE ISSUED UNDER THE PRIVATE PLACEMENT HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (AS AMENDED) OR ANY STATE SECURITIES LAWS, AND UNLESS SO REGISTERED MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES ACT OF 1933 AND APPLICABLE STATE SECURITIES LAWS. THIS PRESS RELEASE IS ISSUED PURSUANT TO RULE 135(C) OF THE UNITED STATES SECURITIES ACT OF 1933 (AS AMENDED), AND DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

Neither the 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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