Brownstone Energy Inc. Completes Sale of Canaguaro Block Interest

Brownstone Energy Inc. (TSX VENTURE:BWN)(OTCQX:BWSOF) ("Brownstone" or "the
Company") announces that the previously announced sale of its 25% oil and gas
participating interest in the Canaguaro Block in the Llanos Basin of Colombia
closed today.


Brownstone received gross proceeds of US$6 million in cash from Petrominerales
Ltd. for its Canaguaro interest (which may be subject to post-closing
adjustments relating to revenues and expenses attributable to pre-closing
operations, in accordance with the terms of the sale).


About Brownstone  

Brownstone Energy Inc. is a Canadian-based, energy focused company with direct
interests in oil and gas exploration projects, including varying interests in
three off-shore Israel concessions and in three Colombian blocks in the Llanos
basin, as well as other oil and gas interests worldwide. By owning and managing
a diversified portfolio of energy-based projects, Brownstone provides
shareholders with a unique energy alternative. For additional information,
please see Brownstone's website: www.brownstoneenergy.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brownstone Energy Inc.
Jonathan Schroeder, P. Geoph.
President and COO
[phone]
[e-mail]


Brownstone Energy Inc.
Gerry Feldman
CFO
[phone]
[e-mail]


Brownstone Energy Inc.
Richard Patricio
Vice-President Corporate and Legal Affairs
[phone]
[e-mail]
www.brownstoneenergy.com