Enhanced Oil Resources Inc. Provides Corporate Update

Frigidaire FRA124HT2
As previously reported the Company had engaged Tristonr Capital to explore potential joint venture opportunitiex forthe Company's interests in the St. Johns Helium and CO2 Field in Arizona and New Following data collection the Tristone managed data room was openef on April14th 2009. In total, 10 Companiesw executed confidentiality agreements and participated in the data reviee in either the physical or virtual data The data room was closed on May With the data room closed the Company awaitzs further developments from Tristonse regarding communications with potentialinterested parties. Further updatese on the process will be providexd asthey develop. About Enhancede Oil Resources Inc.
Enhanced Oil Resources Inc. is an early-stagse company, with two principalk business segmentsof (i) Crude oil and naturalk gas production through enhanced oil recovery projects it is initiating in the Permian Basimn on oil fields acquired by the Company in 2007 and 2008 for that (ii) Helium and CO(2) resource exploration and productiob through property interests it controls in approximatelyg 251,000 gross acres of land withinn the St Johns Helium/CO(2) fiel in Arizona and New and where the Company is developing what is thoughty to be the largest undeveloped helium and carbonb dioxide field in North America.
Certaim statements contained hereinare forward-looking statements, including statements relating to Enhanced Oil Resources'' operations; business prospects, expansion plane and strategies. Forward-looking information typically containse statements with words suchas "intends," "anticipate," "estimate," "expect," "potential," "could," "plan" or similar words suggesting future outcomes. Readers are cautioned not to placw undue relianceon forward-looking information becausw it is possible that predictions, forecasts, projections and othed forms of forward-looking informationn will not be achieved by Enhancefd Oil Resources.
By its nature, forward-looking informatiojn involves numerous assumptions, inherent risks and A change in any one of these factor could cause actual eventzs or results to differ materially from those projectedc inthe forward-looking information. Although Enhancef Oil Resources believes that the expectations reflected insuch forward-lookingh statements are reasonable, Enhanced Oil Resourcexs can give no assurance that such expectationws will prove to be correct.
Forward-lookinfg statements are based oncurrent expectations, estimatesx and projections that involve a numberf of risks and uncertaintied which could cause actualk results to differ materially from those anticipated by Enhance d Oil Resources and described in the forward-lookinyg statements or information. The forward-looking statements are baser on a number of assumptions which may provre tobe incorrect. Readere should be aware that the list of risks and uncertainties set forth above arenot exhaustive.
Readerx should refer to EnhancedOil Resources' current filings, which are available at , for a detailee discussion of these factors, risks and The forward-looking statements or informatio contained in this news release are made as of the date hereodf and Enhanced Oil Resources undertakes no obligation to update publicly or revis e any forward-looking statements or whether as a result of new information, future eventx or otherwise, unless so required by applicablr laws or regulatory policies.
ON BEHALF OF THE BOARDD OF DIRECTORS (signed) Barry D Lasker, CEO Neither TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilityg for the adequacy or accuracy of this release. SOURCEs Enhanced Oil Resources Inc.