2009-06-12-2009-02-01-2009-02-01

Bought 85% WI in 92,104 acres in St. Lawrence Lowlands.

Gastem Inc., Montreal, (TSX: GMR) and privately held, Alberta-based Canbriam Energy Inc. have signed a farm-in agreement with an undisclosed seller for an 85% working interest in 92,104 acres in the St. Lawrence Lowlands for C$2.5 million. Gastem will earn a 17% interest in two Mundiregina permits, while Canbriam will earn 68%. The permits are located southwest of Gastem's Yamaska permit, where Gastem is currently performing flow tests on two horizontal wells. As part of the agreement, Gastem will pay 20% of a six-well and seismic program by the end of 2010. Gastem chairman and chief executive officer Raymond Savoie says, "The agreement doubles Gastem's existing Utica fairway acreage and materially increases our leverage to the validation of the Utica for commercial production. By building upon our experience with the previous exploration programs on the Yamaska property, Gastem and Canbriam are confident that we will be able to undertake an effective exploration program to move this property to potential gas production as quickly as possible."