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E-Energy 8,962,500-share private placement

VANCOUVER, June 22, 2007 - The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 5, 2007.

First tranche

Number of shares: 8,962,500 shares

Purchase price: 40 cents per share

Warrants: 4,481,250 share purchase warrants to purchase 4,481,250 shares

Warrant exercise price: 55 cents per share for an 18-month period

Number of hidden placees: 18 placees

Pro group: RAB Special Situation (Master) Fund Ltd. 3.75 million

Finder's fees: $165,500 cash payable to Frontier Assets Management Ltd. (Denis Hayes); $50,000 cash payable to Peninsula Merchant Syndications Corp. (Sam Magid); $2,500 cash payable to Li Wei; $6,000 cash payable to Reach Holdings Ltd. (Richard B. Wait); $5,000 cash payable to Canaccord Capital Corp.; $50,000 cash payable to Salman Partners Inc.; $50,000 cash payable to 0793962 B.C. Ltd. (Susan Sheldrake); $22,000 cash payable to Neal & Company Consultants Ltd. (Gordon Neal)

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