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European Investor Relations Firm Engaged

VANCOUVER, May 23, 2007 - Energy Ventures Inc. (TSXV: EEV, Frankfurt: D8F) (the "Company") wishes to announce that it has entered into an investor relations agreement with Global Capital Group Ltd.('Global") of Alexandria, Virginia and Cologne, Germany. The investor relations agreement is for 6 months starting on June 1, 2007 or such other later day on which the TSX Venture approves the Agreement. The fee payable under the investor relations agreement is US $8,333 per month and the Company will grant Global options to purchase up to 300,000 common shares of the Company at the closing price on the day the Exchange approves the investor relations agreement for a period of five years. The options will vest over 12 months in accordance with the policies of the TSX Venture Exchange. The investor relations agreement and the grant of stock options are subject to the approval of the Exchange.
Global Capital Group Ltd.- Europe, a division of Global Capital Group will structure, coordinate and administer a customized investor relations program targeted to European investors. This initiative reinforces the company's commitment to the flow of communication and information to its shareholders and the investment community.
The Company also announces that it has granted stock options to MGI & Associates PR, its investor relation consultant in Vancouver to purchase up to a total of 50,000 common shares in the capital stock of the company, exercisable for a period of three years, at a price of $0.50 per share.

On Behalf of the Board of Directors

Simon Tam, Director

Disclaimer:
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