SignalEnergy Inc.

June 01, 2006 23:59 ET

SignalEnergy Inc. - Mailing of Directors' Circular

CALGARY--(CCNMatthews - June 1) - Further to its Press Release of May 26, 2006, SignalEnergy Inc. (TSX:SGI) ("SignalEnergy" or the "Corporation") announces that it has mailed a Directors' Circular (the "Circular") to shareholders recommending that shareholders reject the offer by Pearl Exploration and Production Ltd. to purchase all of the issued and outstanding shares of SignalEnergy.

The Circular can be found on the Corporation's website at or on SEDAR at

Caution to Reader

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of SignalEnergy within the United States. The securities of SignalEnergy have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws. Accordingly, the securities of SignalEnergy may not be offered or sold in the United State or to U.S. persons unless registered under 1933 Act and applicable state securities laws or an exemption from such registration is available.

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