Universal Energy Group Ltd.
TSX : UEG

Universal Energy Group Ltd.

September 12, 2008 14:00 ET

Universal Energy Group Provides Update on Ethanol Operations

TORONTO, ONTARIO--(Marketwire - Sept. 12, 2008) - Universal Energy Group Ltd. ("Universal Energy Group") (TSX:UEG) BioFuels subsidiary, Terra Grain Fuels Inc.'s ("TGF") Belle Plaine Facility is currently operating at 70% of capacity while we work to repair an evaporator vessel. Over the next three months it is expected that the Belle Plaine Facility will require one or more total shutdowns to address other plant deficiencies in grain milling, distillation and drying. We project a scheduled plant shutdown to last between 3 to 5 days. The expense related to the repairs is to be covered by the general contractor. When operating, the plant will continue to run at 70% to 80% of capacity.

"The contractor group and technical support team remain onsite and all parties are working towards the goal of full production as soon as practically possible" commented Tim LaFrance, President of TGF.

Universal Energy Group's common shares are listed on the Toronto Stock Exchange under the symbol "UEG". Universal Energy Group through its subsidiary Universal Energy Corporation, sells electricity and natural gas in Ontario and natural gas in British Columbia to residential, small to mid-size commercial and small industrial customers. Universal Energy Group through its subsidiary Universal Gas & Electric Corporation, sells natural gas in Michigan to residential, small to mid-size commercial and small industrial customers. Universal Energy Group through its subsidiary National Energy Corporation, operating under the trade name National Home Services, sells long-term water heater rental programs to Ontario residential customers. Universal Energy Group through its subsidiary Terra Grain Fuels Inc. operates an ethanol facility near Belle Plaine, Saskatchewan. Additional information about Universal Energy Group is available on SEDAR (www.sedar.com).

Contact Information

  • Terra Grain Fuels
    Tim J. LaFrance
    President
    (403) 262-8182
    Email: timl@terragrains.ca
    or
    Universal Energy Group Ltd.
    Stephen Plummer
    Chief Financial Officer
    (416) 673-1160
    Email: splummer@uegl.ca
    or
    Universal Energy Group Ltd.
    Shawn Dym
    Senior Vice President, Business Development
    (416) 673-4761
    Email: sdym@universalenergy.ca