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May 27,  2005

Options clarification

Mr. David Rankin reports

PROPERTY AGREEMENT

E-Energy Ventures Inc., further to the company's news in Stockwatch dated May 20, 2005, is making the following clarifications.

The company has cancelled the grant of one million incentive stock options having an exercise price of 12.5 cents per share. The incentive stock option plan approved by the shareholders at the last annual general meeting is in full and force effect and pursuant to which the company has granted 1.2 million incentive stock options having an exercise price of 14 cents per share. These options will have an exercise term of five years.


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