Energy Finders, Inc enters into negotiations to sell certain leases

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Thu Oct 29, 2009 8:31am EDT

HONG KONG, China, Oct. 29 /PRNewswire-FirstCall/ - (OTC-EGYF.PK) The Energy
Finders, Inc. is pleased to announce that it has entered into preliminary
negotiations to sell or joint venture all or part of its interest in the
Trinity project in Edwards County in Texas.
If the Company is successful in either selling or joint venture arrangement,
it intends to consider other projects within North America.
The Company may seek to redirect resources toward the Bakken Shale area
situated in North Dakota, Montana and Saskatchewan. Recent drilling success
has initiated successful exploitation of this major geological resource
estimated at exceeding 500 billion barrels of good quality crude. Horizontal
drilling combined by a sharp increase in the use of packers is now
economically recovering a small fraction of the resource.
The Trinity Sand project in Texas is principally a heavy oil resource and is
presently under a joint venture agreement with Mega West Energy based in
Calgary, Canada. Several test wells were drilled last year in which Mega West
earned its interest in the acreage.

Historic Information on Trinity Sands:

Since 1969, companies such as Shell, Getty, Murphy Oil, Dorchester and Carmel
Energy have drilled and cored wells to quantify the heavy oil resource and
have tested steam recovery in this project area. The well data encouraged
further drilling and testing, but the then existing economic conditions did
not support commercial development. There are also references to primary oil
production from one of the wells.
The majority of the data for the Trinity Sand formation comes from wells
drilled en route to the deeper gas formations. Electrolog and core analyses
demonstrate oil in the Trinity Sand formation throughout the area, but no
commercial production has been established to date. Aggregate sand sections
vary from 40 to 140 feet in thickness.

For more information about Energy Finders Inc. please visit our website at
www.energyfindersinc.com or contact us directly at 604-687-7492.

FORWARD LOOKING STATEMENTS

The statements contained herein which are not historical are forward-looking
statements that are subject to risk and uncertainties that could cause actual
results to differ materially from those expressed, including but not limited
to, certain delays beyond the Company's control with respect to market
acceptance of new technologies or products, delays in testing and evaluation
of products, and other risks detailed from time to time in the Company's press
releases.
Furthermore, the forward-looking statements contained in this news release are
made as of the date of this news release, and, except as required by law,
Energy Finders does not undertake any obligation to update publicly or to
revise any of the included forward-looking statements, whether as a result of
new information, future events or otherwise. The forward-looking statements
contained in this news release are expressly qualified by this cautionary
statement.
SOURCE  Energy Finders, Inc.

Phone: (604) 687-7492, Fax: (604) 677-0808
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