GARNEAU INC. ANNOUNCES THIRD QUARTER RESULTS

NISKU, AB, Nov. 29 /CNW/ -- 
NEX - GAR.H


NISKU, AB, Nov. 29 /CNW/ - Garneau Inc. ("Garneau" or the "Corporation") (GAR.H: NEX) the Corporation is
 pleased to announce that it has filed its unaudited consolidated
 financial statements and related Management's Discussion and Analysis
 for the three months ended September 30(th), 2010.


Copies of these documents are available electronically at www.sedar.com.


Forward-Looking Information


Certain information in this press release contains forward-looking
 statements.  These statements relate to future events or actions.  All
 statements other than statements of historical fact may be
 forward-looking statements.  Forward-looking statements are often, but
 not always, identified by the use of words such as "seek",
 "anticipate", "plan", "continue", "estimate", "expect", "may", "will",
 "project", "predict", "potential", "targeting", "intend", "could",
 "might", "should", "believe", "would" and similar expressions.  These
 statements involve substantial known and unknown risks and
 uncertainties, certain of which are beyond Garneau's control,
 including: the impact of general economic conditions; industry
 conditions; changes in laws and regulations including the adoption of
 new environmental laws and regulations and changes in how they are
 interpreted and enforced; fluctuations in commodity prices and foreign
 exchange and interest rates; stock market volatility and market
 valuations; volatility in market prices for oil and natural gas;
 liabilities inherent in oil and natural gas service operations; product
 demand and market acceptance; the impact of competitive products and
 pricing; technological advancements; competition for, among other
 things, capital,  work orders and skilled personnel; incorrect
 assessments of the value of acquisitions; changes in income tax laws or
 changes in tax laws and incentive programs relating to the oil and gas
 industry; technical and processing problems and other difficulties in
 producing products for the petroleum exploration and production
 industry; and obtaining required approvals of regulatory authorities.
 Garneau's actual results, performance or achievement could differ
 materially from those expressed in, or implied by, such forward-looking
 statements and, accordingly, no assurances can be given that any of the
 events anticipated by the forward-looking statements will transpire or
 occur or, if any of them do, what benefits that Garneau will derive
 from them.  Except as required by law, Garneau undertakes no obligation
 to publicly update or revise any forward-looking statements.


Neither 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.

%SEDAR: 00008952E



pGlen Garneau, Acting President and Chief Executive Officerbr/ Email:  a href="mailto:[e-mail]"gleng@garn/aa href="mailto:[e-mail]"eau-inc.com/a,/p pDarlene Kirkpatrick, Project and Communications Managerbr/ Phone:  [phone]br/ Fax:  [phone]/p

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