UNX ENERGY SIGNS 3D SEISMIC CONTRACT WITH PETROLEUM GEO-SERVICES

CALGARY, Jan. 14 /CNW/ -- 
CALGARY, Jan. 14 /CNW/ - UNX Energy Corp. (TSX-V: UNX) ("UNX"), an
 emerging oil and gas company with offshore interests in the Republic of
 Namibia, has signed a 3D seismic contract with Petroleum Geo-Services
 (OAX: PGS). UNX plans to acquire approximately 1,125 km(2) of 3D seismic on the 90%-owned Exploration Licence 2815, consisting of
 Blocks 2815, 2816 and 2916, offshore Namibia. The program will target
 various features on the  blocks, and is expected to commence in
 mid-February, 2011. The seismic program will be funded from proceeds
 raised in July and November of 2010.


"The addition of this high-quality 3D seismic data to our existing
 scientific information will provide further clarity on the size and
 extent of the resources on our licences in offshore Namibia," said Mr.
 Gabriel Ollivier, President and CEO of UNX Energy. "The 3D seismic data
 will enhance scientific detail and add to our growing inventory of
 drilling prospects. As part of our 2011 work program, the various
 seismic surveys that will be conducted on our blocks will focus on
 select areas of our acreage, updating existing resource estimates and
 providing additional independent resource estimates on the blocks. The
 seismic will also contribute to a data room and inventory of
 drill-ready locations for companies interested in farm-in
 opportunities. At approximately two times the minimum required work
 commitment of 550 km(2), this 3D seismic program exceeds UNX's required work commitments for
 the Exploration Licence."


About UNX Energy Corp.


UNX Energy Corp. is a junior, independent oil and gas company, focused
 on exploration for crude oil in offshore Namibia, Africa. Headquartered
 in Calgary, Alberta, Canada, UNX's asset base consists of approximately
 51,000 square kilometers (approximately 32,000 net) of offshore
 acreage, strategically located along the prolific South Atlantic
 Margin. Development of these highly prospective blocks is being
 advanced by an experienced management team, qualified technical staff
 and strong in-country relationships. UNX employs strategic technical
 expertise to optimize the probability of exploration success in the
 region. UNX is committed to conducting its business in a socially and
 environmentally responsible manner, ultimately working towards the goal
 of sustainable development in Namibia's oil and gas sector for the
 benefit of all stakeholders.


On Behalf of the Board of Directors
of UNX Energy Corp.


Duane Parnham
Chairman


For further information visit our website at www.unxenergy.com
Sedar Profile #00016276


Forward Looking Information


This news release contains certain forward-looking statements that
 reflect the current views and/or expectations of UNX Energy Corp. with
 respect to its performance, business and future events. Investors are
 cautioned that all forward-looking statements involve risks and
 uncertainties including, without limitation, those relating to changes
 in the market, potential downturns in economic conditions, foreign
 exchange fluctuations, changes in business strategy, regulatory
 requirements, demand for our resources, competition and dependence
 on key personnel. These risks, as well as others, could cause actual
 results and events to vary significantly. UNX Energy Corp. does not
 undertake any obligations to release publicly any revisions for
 updating any voluntary forward-looking statements.


Neither the 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.


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