Traxion Energy Inc.
TSX VENTURE : TXE

Traxion Energy Inc.

August 15, 2008 12:57 ET

Traxion Adds to Saskatchewan Land Base

CALGARY, ALBERTA--(Marketwire - Aug. 15, 2008) - Traxion Energy Inc.(TSX VENTURE:TXE) ('Traxion' or the 'Corporation') is pleased to provide the following operations update.

Traxion has acquired an additional 2,236 acres within its SW Saskatchewan area. With the additional lands Traxion's potential Bakken oil bearing acreage in SW Saskatchewan is now 4,476 acres, all of which are owned 100% by Traxion. Traxion expects to commence drilling its first well in the area with Bakken and Viking oil potential within four weeks, pending all governmental approvals.

Traxion is a Calgary, Alberta based Corporation engaged in the exploration, development and production of petroleum and natural gas. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol 'TXE'.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

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

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