Brownstone Terminates Its Participation Interest in Block LLA36 in the Llanos Basin Colombia

Brownstone Energy Inc. (TSX VENTURE:BWN)(OTCQX:BWSOF) ("Brownstone" or "the
Company") today announces that it has entered into an Assignment and Termination
Agreement with MONTECZ S.A., the operator of Block LLA36 in the Llanos Basin in
Colombia, that terminates the Company's private participation interest in the
LLANOS 36 Project for no consideration, effective immediately. The Company has
no further obligations or liabilities in respect of the Project (subject to the
release of the Letters of Credit discussed below). 


$1.1 million in Letters of Credit that had been provided on behalf of Brownstone
to the Colombian Agencia Nacional de Hidrocarburos (ANH) in order to guarantee
the operator's work commitments on the block will be released once the
replacement Letters of Credit provided to the ANH by Montecz S.A have been
approved. The Company's Letters of Credit had been secured by a combination of
cash on deposit provided by Brownstone and guarantees provided by Export
Development Canada. 


Brownstone's activities in Colombia continue through its private participating
interest in the LLANOS 27 Project, in the Llanos Basin. 


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
two off-shore Israel concessions and in one Colombian block 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.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Cautionary Statements

This news release contains forward-looking information and forward-looking
statements within the meaning of applicable securities laws (together,
"forward-looking information"). The use of any of the words "expect",
"anticipate", "continue", "estimate", "believe", "plans", "intends",
"confident", "may", "objective", "ongoing", "will", "should", "project",
"should" and similar expressions are intended to identify forward-looking
information.


The forward-looking information is based on certain key expectations and
assumptions made by the Company, including expectations and assumptions
concerning the operational results in the U.S.A. Although the Company believes
that the expectations and assumptions on which the forward-looking information
are based are reasonable, undue reliance should not be placed on the
forward-looking information because the Company can give no assurance that they
will prove to be correct.


Since forward-looking information addresses future events and conditions, by its
very nature it involves inherent risks and uncertainties. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks. These include, but are not limited to, the inherent risks involved in
the exploration and development of oil and gas properties, the uncertainties
involved in interpreting drilling results and other geological data,
uncertainties relating to fluctuating oil and gas prices, the possibility of
cost overruns or unanticipated costs and expenses and other factors including
unforeseen delays. Anticipated exploration and development plans relating to the
Company's properties are subject to change.


The foregoing list of assumptions, risks and uncertainties is not exhaustive.
The forward-looking information contained in this press release is made as of
the date hereof and Brownstone undertakes no obligation to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


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