Dejour Enterprises Ltd., an oil and natural gas exploration and production company, provides an update to its National Instrument 51-101 compliant reserves and pre-tax cash flow estimates from selected Peace River Arch projects.

A Reserve Assessment and Evaluation of Select Oil and Gas Properties Report prepared by Calgary based GLJ Petroleum Consultants, as of June 30, 2008, provides the following revisions to their previous report, effective December 31, 2008.

These updated figures continue to validate Dejour’s 2008 exploration and development strategy. The Canadian operation has added considerable oil reserves to benefit from high oil prices while continuing development of its natural gas projects. This has resulted in an increase from 5% NGL’s / 95% Natural Gas, to 53% Light and Medium Crude Oil and NGL’s (Natural Gas Liquids) / 47% Natural Gas.

“Currently four of the ten wells tested and independently evaluated for production are on stream. The balance is being prepared for production in Q3-08, with design capacity to accommodate the next round of development. One of the 2008 oil discovery areas has a current 2P valuation of approximately $40MM based on primary recovery and restricted initial production rates. However, a nearby analogous pool has already shown a 100% plus increase in estimated ultimate oil recoveries (EUR's) through the utilization of secondary recovery techniques. Dejour has commenced design work to utilize these techniques, when appropriate, to further raise its EUR from this pool. As Dejour's other discoveries are brought on stream in Q3 2008, development plans will be finalized for the upcoming fall and winter," says Charles Dove, President of Dejour Energy, Alberta.

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