EM Resources Announces Update on Status of Amalgamation With Condor Petroleum Inc.

TORONTO, ONTARIO, Jun 29 (MARKET WIRE) --
EM Resources Inc. ("EM") announces that it has agreed with Condor
Petroleum Inc. ("Condor") to extend the amalgamation deadline prescribed
in the pre-amalgamation agreement dated July 25, 2008 from December 31,
2008 to March 31, 2010.

On July 25, 2008, EM announced that it entered into a pre-amalgamation
agreement with Condor, an arm's length private Alberta corporation,
pursuant to which EM and Condor have agreed to amalgamate conditional
upon, among other things, receipt of all necessary shareholder approvals
and the continuance of EM into Alberta.

On January 23, 2009, EM Resources Inc. ("EM") announced that it agreed
with Condor Petroleum Inc. ("Condor") to extend the amalgamation deadline
prescribed in the pre-amalgamation agreement dated July 25, 2008 from
December 31, 2008 to June 30, 2009.

At the annual and special shareholder meeting of EM held on September 15,
2008, shareholders approved the amalgamation of EM with Condor as
described in a joint management proxy and information circular of EM and
Condor dated as of August 11, 2008 which is available on www.sedar.com.

In light of current capital market conditions, it has been determined by
the respective boards of directors of EM and Condor that it is in the
best interests of their respective shareholders to postpone the
amalgamation in order to consider further steps that may be appropriate
in order to optimize the merger for both companies.

Further updates regarding the amalgamation will be disclosed in future
news releases.

No stock exchange, securities commission or other
regulatory authority has reviewed or approved the contents of this news
release.

Contacts:
EM Resources Inc.
Dennis H. Peterson
Director
416-777-6772
dhp@petelaw.com

Condor Petroleum Inc.
Sandy Quilty
Chief Financial Officer
403-201-9694
SQuilty@condorpetroleum.com

Copyright 2009, Market Wire, All rights reserved.

-0-