Geocan Energy Inc.

Geocan Energy Inc., Calgary, (Toronto: GCA) has retained Tristone Capital Inc. to assist in exploring strategic alternatives including the possible sale of the company. Geocan produces approximately 1,000 barrels of oil equivalent per day (95% operated), split 37% light and medium oil and 63% gas. Geocan is focused within three core areas in east-central Alberta, west-central Alberta and northeastern British Columbia. Geocan holds 137,000 gross (88,132 net) undeveloped acres. The company's debt and working capital deficiency is approximately $3 million. Contact Dave Vetters, 403-294-9541.