Arsenal Energy Inc.

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Arsenal Energy Inc., Calgary, (Toronto: AEI) has retained Canaccord Enermarket Ltd. to sell its interests in the 22,662-square-kilometer Nuqra concession in southeastern Egypt. The concession is in the Nuqra/ Komombo Basin in the North African rift basin trend near Luxor with a recent offsetting discovery by Centurion Energy International Inc., Calgary, of light gravity oil. Work commitments have been fulfilled to July 2009. Contact John Koyanagi, 403-691-7840.