Colonia Energy Corp. Reports Profitable Second Quarter

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

COLONIA ENERGY CORP. ("Colonia" or, the "Company") (TSX VENTURE:CLA) released
today its unaudited financial statements for the three and six month periods
ended June 30, 2009. 


Colonia is pleased to report an improved second quarter 2009 with increases in
production rates, gross revenue, cash flow and net earnings as compared to the
first quarter of 2009.


Production for the quarter averaged 157 BOE per day, 13% higher than the prior
quarter. Revenues after royalties increased 35% to $630,000, and cash flow was
up 42% to $393,000. Quarterly net earnings were $13,000 versus a loss of $41,000
in the previous quarter. The Company's working capital at the end of the current
quarter stands at $647,000, up $107,000 on the quarter and our bank line of
credit of $1,588,000 remains fully undrawn.


Colonia continues to build its prospect inventory and is currently working to
complete land acquisitions in order to commence field operations on several
relatively low risk impact prospects with the potential to net the Company
between 50 and 200 BOE per day. With second quarter oil prices recovering some
32% over the first quarter of 2009 and current narrow differentials, Colonia has
expanded its focus to include west central Saskatchewan Mannville and Bakken
heavy oil targets augmenting its inventory of southeast Saskatchewan Bakken and
Midale light oil prospects.


Advisory

This news release contains forward looking statements which may include
assumptions related to the Company's drilling success, production, capital
expenditures and cash flow. These statements are based on current expectations
that involve a number of risks and uncertainties which could cause actual
results to vary from those anticipated.


BOE Presentation - The term barrels of oil equivalent (BOE) may be misleading,
particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is
based on an energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the wellhead. All BOE
conversions in this report are derived by converting gas to oil in the ratio of
six mcf of gas to one bbl of oil.