2011-06-21-2011-06-08

To buy 10.5% to 35% WI in various wellbores, land and pipeline assets in its Trutch property in BC.

Hemisphere Energy Corp., Vancouver, (Toronto Venture: HME) plans to acquire an additional working interest in its Trutch property in northeastern British Columbia for approximately C$285,000 in cash and stock.

Hemisphere will pay C$250,000 in cash and will issue 100,000 shares to the seller.

The acquisition includes a range of 10.5% to 35% working interest in all wellbores, land and pipeline assets. Hemisphere Energy currently has production from four producing Halfway Formation liquid-rich natural gas wells on its Trutch property.

The deal is expected to close by Aug. 31.