Opal Energy Corp (the "Company") (OPA:V) hereby announces the details of Proved and Probable reserves at the Dolan and Kane Brandon prospects located in Texas as outlined in two independent reports compliant with National Instrument 51-101 standards. These two reports indicate a gross combined total of 95.4 Bcf of proved undeveloped reserves and 87.1 Bcf of probable natural gas reserves.

KANE BRANDON WELL
The independent report indicates the presence of 65.2 billion cubic feet ("Bcf") of proved undeveloped reserves (PUDs) at the Kane Brandon prospect in Colorado County, Texas. The Company holds a 100% working interest and a 74% net revenue interest. The Company's net share is therefore 48.2 Bcf. The prospect is well situated within the prolific Middle / Lower Wilcox Trend, with several large fields on trend: Dry Hollow Field (166 Bcfe), Speaks Field (371 Bcfe), Provident City Field (852 Bcfe) all located to the southwest, and Bonus Field (169 Bcfe) located to the northeast.

DOLAN PROSPECT
At the Dolan Prospect in Live Oak County, Texas, there are outlined 30.2 Bcf of proved undeveloped reserves (PUDs) and 87.1 Bcf of probable reserves in which the Company holds a 93.5% working interest and a 64.4% net revenue interest. The Company's net share is 19.4 Bcf of Proven and 56.1 Bcf of Probable reserves.  Many well-known, prolific gas fields have been discovered along this important trend, from Live Oak County all the way into Zapata County, over 95 miles to the southwest. The Dolan Prospect is targeting Massive Upper Wilcox Sands which are seen to be productive on strike both to the northeast and southwest.

The Company may assign a portion of its interest in these two prospects in order to obtain drilling and completion funds.  

Commenting on the reports, Opal Chairman Ron Oligney said, "We are pleased with the status of reserves at Kane Brandon and the Dolan Prospect especially with the Texas natural gas prices in the $7 per mcf (thousand cubic feet) range. We now look forward to funding the activities to move these projects forward. These two projects provide excellent opportunities for the Company to potentially increase production which should result in increasing shareholder value."

The author of the technical reports is B.L. Whelan, Professional Geoscientist, who is a third party independent qualified estimator.  These reports will be available on the Company's website www.OPALenergy.ca.

Opal Energy Corp.
Opal Energy Corp., through its U.S. subsidiary Opal Energy Inc., offers an aggressive, disciplined and results-oriented vehicle to invest in the U.S. Exploration and Production "E&P" sector with a particular focus on natural gas exploration targets in South Texas. The business strategy is to build asset value through drilling, growing a production platform upon which will be superimposed some potential high value exploration opportunities. Drilling inventory will be continuously enhanced by the implementation of a series of proprietary 3-D seismic shoots.