Adventure Energy Inc. Executes Joint Venture to Rework Four Knox Wells in Kentucky

ST.PETERSBURG, Fla.--(Business Wire)--
Adventure Energy, Inc. (OTCBB:ADVE), an energy exploration company with
operations in the Appalachian Basin, today announced that it has executed a
joint venture with Lear Oil to rework four Knox wells in Lincoln County,
Kentucky.

Under the agreement, the Company will be assigned a 65% working interest in each
of the four previously drilled wells once they are placed back into production.
In addition, Adventure is granted the right to drill five new wells on the
leasehold. Each of the four wells produced on average 2-3 BOD prior to being
shut-in.

"This is a significant opportunity for our Company as it opens the door for
further exploration and development in an area with historically high
production," said Wayne Anderson, President of Adventure Energy, Inc. "It is our
intention to commence operations on this project during the month of November,
with production and revenue generation seen shortly thereafter."

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.

Adventure Energy, Inc.
Wayne Anderson, 727-824-2800
ir@adventureenergy.com

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