SOURCE: UnionTown Energy Inc.

UnionTown Energy Inc.

December 31, 2010 12:16 ET

UnionTown Energy Announces Symbol Change to OTCBB UTOGD and Stock Split

Natural Gas Futures Rise for Second Consecutive Day on Colder Forecasts

LAS VEGAS, NV--(Marketwire - December 31, 2010) - UnionTown Energy Inc. (OTCBB: UTOGD), an Independent Oil & Gas Company, today announced that effective immediately, the ticker symbol has changed from (OTCBB: INBH) to (OTCBB: UTOGD).

The Company has also effected a stock split as previously announced. The post split price per share is $1.00 based on the last pre split price.

The processing of the new ticker symbol and split may take a few days to be reflected in all the online stock information and brokerage systems. In the meantime, there may be some information not yet updated on various financial sites or online brokerages. Please contact your financial advisor or our investor relations department with questions.

Experts agree that Oil will hit $100 in 2011, possibly as soon as January. And natural gas shale production will continue to grow quickly in 2011 driving new investment with gas futures rising for a second day as forecasts showed below-normal temperatures in the eastern U.S., boosting demand for the heating fuel.

A Company Spokesperson commented, "We are excited to be moving forward with the structuring of a strong corporate entity early on in our growth. Recent developments in new technologies for the drilling and recovery of oil and gas make the prospects for a strong company valuable in the New Year."

About UnionTown Energy

UnionTown Energy Inc. is an Independent Oil & Gas Company whose focus is the acquisition, development and production of oil and natural gas properties. The Company is pursuing a strategy of building a portfolio of energy producing assets that include coal bed methane, natural gas, shale gas, oil sands and deep natural gas throughout Western Canada and the United States. The Company's flagship property is located in Kansas within the Cherokee basin, which has been producing gas from shale and coal deposits for over eighty years and has 2.8 Tcf of potential recoverable CBM. Please visit www.uniontownenergy.com.

Safe Harbor

The information in this release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although the company believes that its expectations are based on reasonable assumptions, actual results may differ materially. These forward-looking statements involve risks and uncertainties that include, among others, fluctuations in natural gas and crude oil prices; the timely receipt of necessary permits and approvals; market demand for, and/or available supplies of, energy-related products and services; unanticipated project delays, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. More information about factors that potentially could affect the Company's financial results is included in its filings with the Securities and Exchange Commission.

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