Universal Energy Group Ltd.
TSX : UEG

Universal Energy Group Ltd.

April 20, 2009 06:00 ET

Universal Energy Group Announces Mutual Extension to Exclusivity Period Regarding Potential Acquisition by Energy Savings Income Fund

TORONTO, ONTARIO--(Marketwire - April 20, 2009) - Universal Energy Group Ltd. ("UEG") (TSX:UEG) announces that it has agreed to extend the 30 day "exclusivity period" with Energy Savings Income Fund ("ESIF") with respect to a potential acquisition of UEG by ESIF. The "exclusivity period" has been extended by mutual agreement from April 19, 2009 to April 23, 2009.

Universal Energy Group's common shares and convertible subordinated debentures are listed on the Toronto Stock Exchange under the symbol "UEG" and "UEG.DB", respectively. Universal Energy Group sells natural gas and electricity to residential, small to mid-size commercial and small industrial customers in Canada and the United States, sells long-term water heater rental programs to Ontario residential customers and operates an ethanol manufacturing facility in Belle Plaine, Saskatchewan. Additional information about Universal Energy Group is available on SEDAR (www.sedar.com).

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