Indusmin Energy Announces Private Placement

Indusmin Energy Corporation announces a private placement of up to 4,000,000 units at a price of $0.30 per unit, subject to acceptance by the TSX Venture Exchange, for total proceeds of $1,200,000. Each unit will consist of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share for a period of two years at a price of $0.30 per share if exercised in the first year and $0.40 per share if exercised in the second year.

The proceeds of the private placement will be used for development on the Company’s oil and gas properties in Armenia and the Ukraine and for general working capital.