April 10, 2007
TSX-V:LEY

NEWS RELEASE

Loon Engages IR Firm

Calgary, Alberta, Canada, April 10, 2007 — Loon Energy Inc. (“Loon”) (TSX.V-LEY) is pleased to announce that it has engaged Brisco Capital Partners Corp. ("Brisco"), a Calgary-based company, to provide investor relations services to Loon. Brisco has been engaged to develop and execute an investor relations program that will enhance and expand Loon’s investment community exposure domestically and abroad.

Loon has retained Brisco for an initial term of one year commencing on April 1, 2007 subject to regulatory approval and has agreed to pay Brisco a monthly retainer of $6,000, plus reasonable out-of-pocket expenses. In addition, Loon has granted 150,000 stock options to Brisco at an exercise price of $0.50 per common share, expiring on April 11, 2008.

Loon Energy Inc. is a Canadian public company with international oil and gas exploration and development projects in Southeast Asia (Brunei), the Middle East (Syria) and Latin America (Colombia, Peru).

Some of the statements contained in this release may be forward-looking statements. Forward-looking statements may include, but are not limited to, statements concerning estimates of recoverable hydrocarbons, expected hydrocarbon prices, expected costs, statements relating to the continued advancement of the Company's projects and other statements which are not historical facts. When used in this document, and in other published information of the Company, the words such as "could," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are indicative of a forward-looking statement. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, the potential results suggested by such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors, which could cause actual results to differ from these forward-looking statements, include the potential that the Company's projects will experience technical and mechanical problems, geological conditions in the reservoir which may negatively impact levels of oil and gas production and changes in product prices and other risks not anticipated by the Company or disclosed in the Company's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

The TSX Venture Exchange neither approves nor disapproves of the information contained herein.