Insignia Shares to Commence Trading on Toronto Stock Exchange

Insignia Energy Ltd. ("Insignia") (TSX VENTURE:ISN) is pleased to announce that
its common shares are anticipated to commence trading on the Toronto Stock
Exchange ("TSX") as of the market opening on October 30, 2008. Insignia's
trading symbol "ISN" will remain the same. Insignia's common shares will be
delisted from the TSX Venture Exchange at the close of market on October 29,
2008. Insignia believes the listing of its common shares on the TSX will enable
it to broaden its investor base and raise its profile in Canada and North
America.


About Insignia

Insignia is a Calgary-based oil and natural gas company engaged in the
exploration for and the acquisition, development and production of natural gas
and crude oil in western Canada. Insignia's common shares currently trade on the
TSX Venture Exchange under the symbol "ISN".


Cautionary Statements

Certain information set forth in this press release, including without
limitation, anticipated timing of the listing of the common shares on the TSX
and the benefit derived therefrom, contains forward-looking statements. By their
nature, forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond Insignia'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.
Insignia Ltd'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 statement will transpire or occur, or if any
of them do so, what benefits that work and the combined company will derive
therefrom. Insignia 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 applicable securities laws.