Eurogas Corporation Announces Financial Results for the Quarter Ended June 30, 2009

TORONTO, ONTARIO, Aug 17 (MARKET WIRE) --
Eurogas Corporation ("Eurogas" or the "Company") (TSX VENTURE: EUG) today
announced its financial results for the quarter ended June 30, 2009.
Eurogas has filed its consolidated financial statements and related
management's discussion and analysis for the period ended June 30, 2009
with the Canadian securities regulatory authorities on the System for
Electronic Document Analysis and Retrieval ("SEDAR"). All documentation
may be viewed under the Company's profile on SEDAR (www.sedar.com), the
Company website www.eurogascorp.com or by contacting Eurogas.

Eurogas Corporation is listed on the TSX Venture Exchange under the
symbol EUG and is engaged directly in the development of a major
underground gas storage facility off the east coast of Spain. For more
information on Eurogas, visit the website www.eurogascorp.com.

Certain information set forth in this document, including management's
assessment of each of the Company's future plans and operations, contains
forward-looking statements. By their nature, forward-looking statements
are subject to numerous risks and uncertainties, some of which are beyond
the Company's control, including the impact of general economic
conditions, industry conditions, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks,
competition from other industry participants, the lack of availability of
qualified personnel or management, stock market volatility and ability to
access sufficient capital from internal and external sources. Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. The Company's actual results,
performance or achievement could differ materially from those expressed
in, or implied by, these forward-looking statements and, accordingly, no
assurance can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do
so, what benefits the Company will derive from them. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.

Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.

Contacts:
Eurogas Corporation
Jaffar Khan
President & CEO
(403) 264-4985
(403) 262-8299 (FAX)
eurogas@eurogascorp.com
www.eurogascorp.com

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