Eurogas International Announces Third Quarter 2011 Financial Results

Eurogas International Inc. (CNSX:EI) ("Eurogas International" or the
"Corporation") today announced its financial results for the three and nine
months ended September 30, 2011. The Corporation's interim unaudited financial
statements, along with management's discussion and analysis have been filed on
the System for Electronic Document Analysis and Retrieval ("SEDAR") and may be
viewed under the Company's profile at www.sedar.com or the Corporation's website
at www.eurogasinternational.com.


ABOUT THE CORPORATION 

Eurogas International Inc. is an independent oil and gas exploration company
listed on the Canadian National Stock Exchange under the symbol EI. For more
information about Eurogas International, please visit the Listings Disclosure
Hall at www.cnsx.ca.


FORWARD LOOKING STATEMENTS 

Certain information set forth in these documents, including management's
assessment of each of the Corporation's future plans and operations, contains
forward-looking statements. Forward-looking statements are statements that are
predictive in nature, depend upon or refer to future events or conditions or
include words such as "expects", "anticipates", "intends", "plans", "believes",
"estimates" or similar expressions. By their nature, forward-looking statements
are subject to numerous risks and uncertainties, some of which are beyond the
Corporation's control, including the impact of general economic conditions,
industry conditions, volatility of commodity prices, currency fluctuations,
imprecision of reserve estimates, environmental risks, competition from other
industry participants, the lack of availability of qualified personnel or
management, stock market volatility and ability to access sufficient capital
from internal and external sources. 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. The Corporation's actual
results, performance or achievement could differ materially from those expressed
in, or implied by, these forward-looking statements and, accordingly, no
assurance can be given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what benefits the
Corporation will derive from them. The Corporation 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.