March 27, 2009

The common shares of Eurogas International Inc. have been approved for listing on CNSX. Following the distribution of the Company's common shares to shareholders of Eurogas Corporation, there are approximately 31.1 million shares outstanding with a public float of approximately 14.1 million shares.

Eurogas International is an independent oil and gas company engaged in exploration and drilling on its extensive landholdings offshore Tunisia, targeting large scale oil and natural gas reserves. The Company holds a 22.5% working interest, and is the non-operating partner, in the Sfax Offshore Permit covering 1,014,194 acres located in the shallow Mediterranean waters in the Gulf of Gabes, offshore Tunisia and southeast of the city of Sfax.

Prior to August 5, 2008, the Company was a wholly-owned subsidiary of Eurogas Corporation. On August 5, 2008, as part of a series of transactions, Eurogas Corp. reorganized its share capital in the course of which it exchanged all of the then existing outstanding common shares of the Company for 32,150,000 Series A Preference Shares of the Company and 31,143,635 Common Shares. Subsequently, the common shares of the Company were distributed to the shareholders of Eurogas Corp. pursuant to the spin-out of the Company.

Listing and disclosure documents for Eurogas International will be available in the CNSX Listings Disclosure Hall

Trading Date: Tuesday, March 31, 2009
Symbol: EI
CUSIP: P37796 10 2
ISIN: BB P37796 10 2 5

Applications are being accepted for Market Makers for "EI". If you have any questions or require further information please contact Radhika at (416) 572-2000 X 2435 or E-mail: [email protected]