Junex

Québec, December 14, 2010 - Junex (JNX : TSXV) announces that the Junex Villeroy No.1 exploration well has reached 1,708 meters, that the coring of the Utica Shales has been completed, that well logs have been run and that intermediate casing has been cemented in the well. Many intervals saturated in natural gas were encountered during the drilling of the well, of which 5 intervals were cored between the depths of 840 and 1,264 meters. A total of 16.4 meters of core was recovered and will be subsequently analysed in order to allow the estimation of the volume of gas-in-place resources on Junex’s acreage located in the structured portion of the Utica basin, approximately 15 km from the St-Edouard No.1H horizontal well.