Modern Energy Announces Dividend

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Fri Jun 6, 2008 10:55am EDT 

  CHEYENNE, WY, Jun 06 (MARKET WIRE) -- 
 Modern Energy Corp. (PINKSHEETS: MDRG) (FRANKFURT: ME2C) (FRANKFURT: ME2C.F)
announced today that the company is paying its common shareholders a
dividend of 2 shares of WESTERN PACIFIC MINERALS, LTD. for every 1 share of MDRG
held as of today.

    The dividend was announced by NASDAQ as having an Ex-dividend date of June
9,
2008 as per: http://www.otcbb.com/asp/dividend.asp?sym_id=mdrg.

    About Modern Energy Corporation

    Modern Energy has wholly owned subsidiaries on the island of Mindanao in the
Philippines which have mineral rights and agricultural land interests. The
mineral
rights have the potential for economically viable mining of copper, gold,
silver and other minerals. The agricultural land interests involve 250,000
hectares
(over 600 thousand acres) of agricultural land suitable for growing palm oil,
jatropha and other feedstocks for the production of biodiesel. In addition,
the Company holds marketable securities in various companies including but not
limited to WESTERN PACIFIC MINERALS, LTD. WALL STREET SECURITIES, INC., XXSTREAM
ENTERTAINMENTand INFINITY MINING. The Company is planning on continuing to
distribute dividends
to Modern Energy shareholders in the form of shares of these marketable
securities during 2008.

    

Contact:
Teri Norgrove
President
Modern Energy Corp.
info@modernenergycorp.com

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