Paris Energy Inc. Announces Private Placement

Paris Energy Inc. ("Paris" ) (TSX VENTURE:PI) is pleased to announce that it has
closed its previously announced non-brokered private placement of 2,668,000
common shares of Paris (the "Common Shares") at a price of $0.075 per share for
a total consideration of $200,100 (the "Private Placement").


Lamond Investments Ltd. ("Investments") and Humboldt Capital Corporation
("Humboldt") each acquired 1,334,000 Common Shares pursuant to the Private
Placement. Robert W. Lamond ("Lamond") owns 100% of Investments and 70.6% of the
outstanding shares of Humboldt. Following the Private Placement Lamond and
Humboldt collectively hold, directly and indirectly, an aggregate of 4,710,735
Common Shares, or an aggregate of 39% of the issued and outstanding Common
Shares, and a $330,000 principal amount convertible secured debenture due on
October 7, 2011 (the "Debenture") which is convertible into 5.5 million
additional Common Shares. 


The Common Shares issued pursuant to the Private Placement will be subject to a
hold period of four months and one day from the closing date as well as other
restrictions with respect to sales from control positions.


The proceeds of the Private Placement will be used by Paris for the repayment of
certain outstanding debt obligations.


FORWARD-LOOKING STATEMENTS

Certain information and statements contained in this press release constitute
forward-looking information, including, without limitation, expectations
regarding the use of proceeds. These forward-looking statements are based upon
the opinions, expectations and estimates of management as at the date the
statements are made. These forward-looking statements are subject to a variety
of risks and uncertainties and other factors that could cause actual events or
outcomes to differ materially from those anticipated or implied by such
forward-looking statements. Such factors include, but are not limited to, the
inability to complete the private placement or to obtain the required regulatory
approval. Readers are cautioned that the assumptions used in the preparation of
such information, although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. Paris's actual results, performance or achievement
could differ materially from those expressed in, or implied by, these
forward-looking statements, or if any of them do so, what benefits that Paris
will derive therefrom. Paris disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.