SOURCE: UnionTown Energy Inc.

UnionTown Energy Inc.

June 28, 2011 13:14 ET

UnionTown Energy Inc. (UTOG) Hits Oil at Teton River Property

The Positive Drilling Result Marks the Second Time UnionTown Has Hit Oil in the Past Three Weeks

BILLINGS, MT--(Marketwire - Jun 28, 2011) - UnionTown Energy Inc. (OTCBB: UTOG) (PINKSHEETS: UTOG) is pleased to announce that drilling on its first well on its Teton River property has resulted in positive oil showings. The successful result on the Teton #1a-10 well marks the second time UnionTown has hit oil in the past two weeks. As it reported on June 15, 2011, the company also hit oil on the first well it drilled on its New Miami property.

The Teton River drilling crew penetrated the planned drill target in the Swift Sandstone formation and obtained a slightly greater depth of pay than expected. Furthermore, this well succeeded in establishing an extension of the reservoir to the south east of the previously drilled Teton 10-3 well. The well logs indicate porosity in excess of 20% within the target formation. The well site geologist has sent the raw log data to the reservoir engineering consultants, who will provide analysis and attempt to discern the producibility of the reservoir in order to calculate the estimated ultimate recoverable reserve (EUR).

The Teton #1a-10 is one of a group of six wells UnionTown intends to drill in its first phase of drilling operations at Teton River. Plans for the drilling of second Teton River well are now in development.

The 11,000-acre Teton River Property is located in a known, but under developed, heavy oil province that covers approximately 700,000 square miles in northwest Montana.

"We are pleased with the initial drill results from our second well," said Darren Stevenson, UnionTown's President and CEO. "We are looking forward to the reservoir engineer's reports based on the data obtained."

About UnionTown Energy Inc.

UnionTown Energy Inc. is a fully reporting, exploration-stage company that is building towards becoming an oil and gas producer. We are proudly engaged in the acquisition and exploration of oil and natural gas properties located within America's borders. For more information about our company, please visit

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, specifically statements relating to expectations regarding the Teton River property, future exploration activities and the potential results of exploration activities on these properties, 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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