2009-08-06-2008-09-01

To farm-in to acquire up to 100,000 acres in Ontario Basin.

Mooncor Energy Inc., a subsidiary of Mooncor Oil & Gas Corp., Calgary, (Toronto Venture: MOO) has entered a joint venture with Greentree Gas & Oil Ltd., London, Ontario, (Toronto Venture: GGO) to farm into a selected portion of Greentree's existing land base in southwestern Ontario. Mooncor will acquire up to 100,000 acres in the southwestern Ontario Basin, for which Greentree will be entitled to an undivided 10% working interest. Greentree may elect to spend C$1 million (to earn 60%) on qualifying expenditures on the new lands which may be acquired by Mooncor. By Dec. 31, 2009, Mooncor will pay C$2 million in costs, such as title documents, drilling, seismic acquisition and processing costs. It then has the option to expend an additional C$1.5 million in each subsequent year commencing Jan. 1, 2010. Mooncor shall initially earn 100% working interest of the lands, which shall convert upon payout to 60% working interest. Greentree is appointed operator.