Adventure Energy Inc. Enters Into Letter of Intent to Acquire a 50% Working Interest...

Adventure Energy Inc. Enters Into Letter of Intent to Acquire a 50% Working
Interest in the Petrowarrior-Stout Recompletion Project in Oklahoma

ST. PETERSBURG, Fla., May 27, 2009 (GLOBE NEWSWIRE) -- Adventure Energy Inc.
(OTCBB:ADVE), an energy exploration company with operations in the Appalachian
Basin, is pleased to announce that the Company has entered into a Letter of
Intent with Buccaneer Energy to purchase a 50% working interest (39% net revenue
interest) in the Petrowarrior-Stout recompletion project located in Pottawatomie
and Seminole Counties, Oklahoma.

The project consists of 13 previously drilled and completed wells which will be
reworked over the coming months and one water disposal well. Included within
this project is the option to drill up to five (5) new wells on the leasehold
acreage. The Company anticipates the rework project to begin before the end of
June with the goal of completion over the next 9 months. The projected revenue
stream from the first three (3) wells it is anticipated will fund the Company's
remaining costs for this project.

"We are excited to have the opportunity to significantly increase our production
at a time when commodity prices have shown a slight rebound in the business
cycle. As the commodity prices improve, the project will prove to be an even
more valuable acquisition," said Wayne Anderson, President of Adventure Energy,
Inc. "We continue to focus on increasing production capacity and we look forward
to re-affirming Adventure's commitment to identify and negotiate attractive
acquisitions of oil and gas properties with an exploitation upside."

About Adventure Energy, Inc.

Adventure Energy, Inc., is an independent energy company principally engaged in
the acquisition, exploration and development of mature long-lived oil and
natural gas properties. The company's current operations are concentrated in the
Appalachian Basin within the states of Kentucky and West Virginia.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. When
used in this press release, the words "anticipate," "believe," "estimate,"
"may," "intend," "expect" and similar expressions identify such forward-looking
statements. Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the forward-looking statements
contained herein, and while expected, there is no guarantee that we will attain
the aforementioned anticipated developmental milestones. These forward-looking
statements are based largely on the expectations of the Company and are subject
to a number of risks and uncertainties. These include, but are not limited to,
risks and uncertainties associated with: the impact of economic, competitive and
other factors affecting the Company and its operations, markets, product, and
distributor performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently; and other
factors detailed in reports filed by the Company. Additional risks and
uncertainties are set forth in the Company's Annual Report on Form 10-K for the
year ended December 31, 2008.

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CONTACT: Adventure Energy, Inc.
Investor Relations
727-482-1505
ir@adventureenergy.com
http://www.adventureenergy.com