2009-08-10-2008-04-01-2008-04-01

To acquire Bakken rights in SE SK.

Action Energy Inc., Calgary, (Toronto Venture: AEC) has entered into a joint-venture agreement with a private land acquisition fund to acquire Bakken mineral rights in southeast Saskatchewan. Action has a two-year right to earn a 100% working interest in all of the lands in the parcel by drilling a single exploratory Bakken well. After drilling the well, the fund will retain a nonconvertible 5% to 15% sliding scale overriding royalty on all of the lands in the parcel.