Epsilon Energy Completes the Sale of Legacy Assets in West Virginia

CONCORD, ONTARIO, Jun 16 (MARKET WIRE) --
Epsilon Energy Ltd. ("Epsilon" or "the Company") (TSX: EPS) announced
today that the Company has consummated the sale of its Amber Bank and
Blue Jacket properties (collectively referred to as the "Legacy Assets")
in West Virginia to an unrelated third party purchaser for a gross amount
of USD$14.0 million (USD$13.0 million net). Previously, on June 5, 2009,
the Company announced the signing of a Binding Letter of Intent with
regards to this transaction.

About Epsilon Energy

Epsilon Energy is engaged in the exploration and production of oil and
natural gas reserves in North America, the Middle East, and Africa.
Established in 2005, the Company has been a producer of oil and natural
gas since 2006. Epsilon's ongoing business strategy involves developing a
well-balanced inventory of oil and natural gas projects, including high
potential oil & gas properties in the Middle East and Africa coupled with
lower risk oil and natural gas properties within Canada and the United
States.

Forward-Looking Statements

Certain statements contained in this news release constitute forward
looking statements. The use of any of the words "anticipate", "continue",
"estimate", "expect", 'may", "will", "project", "should", 'believe", and
similar expressions are intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements are based on
reasonable assumption but no assurance can be given that these
expectations will prove to be correct and the forward-looking statements
included in this news release should not be unduly relied upon.

Special note for news distribution in the United States

The securities described in the news release have not been registered
under the United Stated Securities Act of 1933, as amended, (the "1933
Act") or state securities laws. Any holder of these securities, by
purchasing such securities, agrees for the benefit of Epsilon Energy Ltd.
(the "Corporation") that such securities may not be offered, sold, or
otherwise transferred only (A) to the Corporation or its affiliates; (B)
outside the United States in accordance with applicable state laws and
either (1) Rule 144(as) under the 1933 Act or (2) Rule 144 under the 1933
Act, if applicable.

Contacts:
Epsilon Energy Ltd.
Dennis Tatum
Chief Financial Officer
(231) 922-0467 ext: #101
Email: dennis.tatum@epsilonenergyltd.com
Website: www.epsilonenergyltd.com

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