Nexstar Energy Announces Flow-Through Financing

Nexstar Energy Ltd. has completed a private placement of 730,000 Class A Shares, issued on a flow-through basis, at a price of $0.55 per share, representing gross proceeds of $401,500. Nexstar Energy intends to use the proceeds of this financing for its winter capital expenditure program. The shares issued under the private placement are subject to a hold period until May 2, 2008.

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