2009-10-28-2009-10-05

To acquire 28% in Block 36, 68.5% of Block 27, 70% of Block 21 in Llanos Basin, Colombia.

Brownstone Ventures Inc., Toronto, (Toronto Venture: BWN) and Quetzal Energy Inc., Calgary, (Toronto Venture: QEI) plan to each acquire a 50% interest of the interests held by private company Fenix Energy Inc. in three blocks in the Llano Basin, Colombia, for stock and cash. The interests are in blocks 21, 27 and 36. Brownstone and Quetzal, as to 50% each, can earn an interest in each of the blocks by paying 100% of the work commitments associated with the blocks over the next 36 months. Brownstone and Quetzel will acquire 28% of Llanos Block 36, 68.5% of Llanos Block 27 and 70% of Llanos Block 21. On Llanos Block 36 totaling 33,356 hectares, Brownstone and Quetzal will pay all costs attributed to 40% of the block until payout, and will be entitled to 36.4% of the net revenue until cost recovery, following which the parties will assume their working interests being Brownstone 14% and Quetzal 14%. On Llanos Block 27 totaling 16,470 hectares, the companies will pay 100% of costs until payout, and will be entitled to 90.55% of the net revenue until cost recovery, then will assume their working interests of Brownstone 34.25% and Quetzal 34.25%. On Llanos Block 21 totaling 7,108 hectares, Brownstone and Quetzal will pay 100% of costs until payout, and will be entitled to 91% of the net revenue until cost recovery, then assume their working interests of Brownstone 35% and Quetzal 35%.