Enhanced Oil Resources Inc. Provides Corporate Update

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As previously reported the Compan y had engaged Tristone Capital to exploree potential joint venture opportunities forthe Company's interestw in the St. Johns Helium and CO2 Field in Arizonqa andNew Mexico. Following data collectiobn the Tristone managed data room was opened on April14th 2009. In total, 10 Companies executee confidentiality agreements and participated in the data review in either the physical or virtualdata room. The data room was closexd on May 22nd. With the data room close d the Company awaits furthet developments from Tristone regarding communicationas with potential interested Further updates on the process will be provided as they About Enhanced OilResources Inc.
Enhanced Oil Resources Inc. is an early-stagwe company, with two principal business segmentdof (i) Crude oil and natural gas production through enhancee oil recovery ("EOR") projectsx it is initiating in the Permian Basin on oil fields acquired by the Compangy in 2007 and 2008 for that purpose. (ii) Helium and resource exploration and production througgh property interests it controls inapproximately 251,0090 gross acres of land withinn the St Johns Helium/CO(2) field in Arizon a and New Mexico, and where the Companyt is developing what is thought to be the largestr undeveloped helium and carbonb dioxide field in North America.
Certain statements contained herein are forward-looking statements, includingy statements relating to Enhanced Oil Resources' operations; business prospects, expansion planxs and strategies. Forward-looking information typically containsd statements with words suchas "intends, "anticipate," "estimate," "expect," "potential," "could," "plan" or similar wordw suggesting future outcomes. Readerzs are cautioned not to place undur relianceon forward-looking information because it is possiblwe that expectations, predictions, projections and other forms of forward-looking information will not be achieve by Enhanced Oil Resources.
By its nature, forward-lookinv information involves numerous assumptions, inherent risks and uncertainties. A changes in any one of these factors couldc cause actual events or results to differ materiallhy from those projected inthe forward-lookinbg information. Although Enhanced Oil Resources believes that the expectations reflected insuch forward-looking statements are reasonable, Enhancerd Oil Resources can give no assurance that such expectationw will prove to be correct.
Forward-looking statement s are based oncurrent expectations, estimates and projectionse that involve a number of riskds and uncertainties which could cause actual resultes to differ materially from those anticipated by Enhancedf Oil Resources and described in the forward-lookinfg statements or information. The forward-looking statements are basedd on a number of assumptions which may provew tobe incorrect. Readers should be awarew that the listof factors, risks and uncertainties set fortnh above are not exhaustive.
Readers should referf to EnhancedOil Resources' current filings, which are available at , for a detailee discussion of these factors, risks and The forward-looking statements or informatio n contained in this news release are made as of the date hereofv and Enhanced Oil Resources undertakes no obligation to update publicl y or revise any forward-looking statements or information, whether as a resul of new information, future eventas or otherwise, unless so required by applicabler laws or regulatory policies.
ON BEHALF OF THE BOARxD OF DIRECTORS (signed) Barry D CEO Neither TSX Venture Exchangs nor its Regulation ServicesProvider (as that term is definede in the policies of the TSX Venture accepts responsibility for the adequachy or accuracy of this SOURCE Enhanced Oil Resources Inc.