Hemi Energy Announces Completion of the Sale of Wyoming Lease Acreage

  
    
  
  
    
      Hemi Energy Group, Inc. (Pink Sheets: HMGP) 
      today announced that on October 15, 2008 it completed the previously 
      announced sale of its Wyoming leases. Net proceeds to Hemi, after 
      expenses and other customary adjustments, were $475,000. Net proceeds 
      will be used to continue developmental drilling programs in Woodson 
      County, Kansas.
    
    
      Keith A. Anderson, Hemi's President and CEO, stated: “Hemi 
      is continuing to liquidate our non core lease acreage, in order to 
      strengthen our cash reserves, remain a debt free operating company while 
      focusing our energy and capital on developmental activities with our 
      core leases in Woodson County, Kansas."
    
    
      Statements in this press release relating to plans, strategies, economic 
      performance and trends, projections of results of specific activities or 
      investments, and other statements that are not descriptions of 
      historical facts may be forward-looking statements within the meaning of 
      the Private Securities Litigation Reform Act of 1995, Section 27A of the 
      Securities Act of 1933 and Section 21E of the Securities Exchange Act of 
      1934. Forward-looking information is inherently subject to risks and 
      uncertainties, and actual results could differ materially from those 
      currently anticipated due to a number of factors, which include, but are 
      not limited to, risk factors inherent in doing business. Forward-looking 
      statements may be identified by terms such as "may," "will," "should," 
      "could," "expects," "plans," "intends," "anticipates," "believes," 
      "estimates," "predicts," "forecasts," "potential," or "continue," or 
      similar terms or the negative of these terms.
    
    
      Although we believe that the expectations reflected in the 
      forward-looking statements are reasonable, we cannot guarantee future 
      results, levels of activity, performance or achievements. The Company 
      has no obligation to update these forward-looking statements.
    
    
      For additional information please go to http://hemienergy.com.