Ammonite Energy Ltd. Announces Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Ammonite Energy Ltd. (TSX VENTURE:AMO) ("Ammonite" or the "Company") is pleased
to announce a non-brokered private placement of up to 13,333,334 common shares
("Common Shares) at a price of $0.30 per Common Share for aggregate gross
proceeds of up to $4,000,000.20 (the "Offering").


The Offering is scheduled to close on or about June 30, 2009 and is subject to
receipt of all necessary regulatory and stock exchange approvals. The Common
Shares issued upon closing of the Offering will be subject to a 4 month hold
period from the date of issue.


Proceeds from the Offering will be utilized to fund ongoing exploration and
development activities in the Wembley area of northwest Alberta and the
Kindersley area of southwest Saskatchewan and for general corporate purposes.


Ammonite currently has 27,956,937 Common Shares issued and outstanding which
trade on the TSX Venture Exchange under the symbol "AMO".


Ammonite is a Calgary, Alberta based junior energy company primarily focused on
light oil exploration, development and production in the Wembley area of
northwest Alberta and Kindersley area of southwest Saskatchewan.


Ammonite is the result of a business combination with Ketchum Capital
Corporation ("Ketchum"), a capital pool company listed on the TSX Venture
Exchange, and Ketchum Acquisition Corporation pursuant to which Ketchum acquired
all of the issued and outstanding common shares of Ammonite. The Acquisition
constituted the Qualifying Transaction of Ketchum as defined in the policies of
the TSX Venture Exchange. On January 19, 2009, the shareholders of Ketchum
approved a change in the name of the Company from "Ketchum Capital Corporation"
to "Ammonite Energy Ltd." and the consolidation of its common shares on the
basis of one post-consolidation common share for every five pre-consolidation
common shares. On January 22, 2009, the post-consolidation common shares of the
Company commenced trading under the trading symbol "AMO".


This press release may contain forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements may include estimates,
plans, anticipations, expectations, opinions, forecasts, projections, guidance
or other similar statements that are not statements of fact. Although the
Company believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations will
prove to be correct. These statements are subject to certain risks and
uncertainties and may be based on assumptions that could cause actual results to
differ materially from those anticipated or implied in the forward-looking
statements. These risks include, but are not limited to: the risks associated
with the oil and gas industry (e.g. operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty of estimates and projections relating to
production, costs and expenses and health, safety and environmental risks),
commodity price and exchange rate fluctuation and uncertainties resulting from
potential delays or changes in plans with respect to exploration or development
projects or capital expenditures. The Company's forward-looking statements are
expressly qualified in their entirety by this cautionary statement. The
forward-looking statements contained in this press release are made as of the
date hereof and the Company undertakes no obligations 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.


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy the securities in any jurisdiction. The Common Shares have not
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and many not be
offered or sold in the United States except in certain transactions exempt from
the registration requirements of the U.S. Securities Act and applicable states
securities laws.