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July 28, 2006

PRIVATE PLACEMENT CLOSED



E-Energy Ventures Inc. has closed a private placement for the sale of 2.7 million units at a price of 15 cents per unit for a total of $405,000, where each unit consists of one common share of the company and one share purchase warrant having a two-year term for the purchase of one further common share of the company at the exercise price of 22 cents per share. These shares are subject to a four-month hold period expiring Nov. 27, 2006.

On behalf of the Board of Directors

Simon Tam
Director

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN.


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