One Exploration Inc. Announces $3,000,000 Private Placement of Flow-Through Shares

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES.


One Exploration Inc. ("OneEx" or the "Corporation") (TSX VENTURE:OE.A)(TSX
VENTURE:OE.B) has entered into an equity financing on a bought deal basis with a
syndicate of underwriters (the "Underwriters") led by Blackmont Capital Inc. and
including Tristone Capital Inc. The offering will consist of 4,411,800
flow-through common shares (the "Flow-Through Common Shares") at a price of
$0.68 (the "Purchase Price") for total proceeds of approximately $3,000,000. The
Underwriters have been granted an option to purchase up to an additional 735,300
Flow-Through Common Shares at the Purchase Price for additional gross proceeds
of approximately $500,000 for a term up to 48 hours prior to closing.


The net proceeds received by OneEx from the sale of the Flow-Through Common
Shares will be used to incur eligible Canadian Exploration Expenses which will
be renounced in favor of the holders for the 2008 taxation year.


The offering is scheduled to close on or about December 11, 2008 and is subject
to certain conditions including, but not limited to, the receipt of all
necessary approvals including the approval of the TSX Venture Exchange. The
securities issued pursuant to the offering shall be subject to a four-month hold
period in accordance with applicable securities laws.


About OneEx

One Ex continues to assemble a large inventory of prospects and opportunities
ranging from lower risk recompletions and tie-ins to higher impact exploration
drilling. Ultimately, the ability to high grade and rank opportunities based on
either commodity pricing or risk tolerance places the Corporation in an
advantageous position to demonstrate meaningful growth to our shareholders. The
Corporation regularly updates its Corporate Presentation on its website at
www.one-ex.ca.


This news release does not constitute an offer to sell securities, nor is it a
solicitation of an offer to buy securities, in any jurisdiction. All sales will
be made through registered securities dealers in jurisdictions where the
offering has been qualified for distribution. The securities offered are not,
and will not be, registered under the securities laws of the United States of
America, nor any state thereof and may not be sold in the United States of
America absent registration in the United States or the availability of an
exemption from such registration.