Manitok Energy and Raimount Energy Announce Closing of Arrangement and Manitok Energy Announces Closing of Non-Brokered Subscription Receipt Financing and Appointment of Director - Seite 2

About Raimount

Raimount is engaged in the exploration for, development of and production of oil and natural gas properties in Western Canada. Raimount was incorporated under the Canada Business Corporations Act and has its head office in Calgary, Alberta.

About Manitok

Manitok is a public oil and gas exploration and development corporation focusing on conventional oil and gas reservoirs in southeast Alberta and the Canadian foothills. Manitok will utilize its experience to develop the untapped conventional oil and liquids-rich natural gas pools in both the southeast Alberta and foothills areas of the Western Canadian Sedimentary Basin.

Forward-looking Information Cautionary Statement

This press release contains forward-looking statements. More particularly, this press release contains statements concerning the terms of the Arrangement and the Offering.

The forward-looking statements in this press release are based on certain key expectations and assumptions made by Manitok and Raimount, including expectations and assumptions concerning Manitok's lenders, credit facility and the TSX Venture Exchange.

Although Manitok and Raimount believe that the expectations and assumptions on which the forward- looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Manitok and Raimount can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. More information about certain of these risks are set out in the documents filed from time to time with the Canadian securities regulatory authorities, available on Manitok's and Raimount's SEDAR profiles at www.sedar.com.

Forward-looking statements are based on estimates and opinions of management of Manitok and Raimount at the time the statements are presented. Manitok and Raimount may, as considered necessary in the circumstances, update or revise such forward-looking statements, whether as a result of new information, future events or otherwise, but Manitok and Raimount undertake no obligation to update or revise any forward-looking statements, except as required by applicable securities laws

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Raimount Energy Inc.
Gregory A. Vavra
President & Chief Executive Officer
Telephone: [phone]
Or view Raimount's website at www.raimount.com.

Manitok Energy Inc.
Massimo M. Geremia
President & Chief Executive Officer
Telephone: [phone]
Email: [e-mail]
Or view Manitok's website at www.manitokenergy.com.