Twin Butte Energy Ltd. believes that the current share price is not reflective of the long term value within the Company's asset base, and therefore has initiated a process to identify, examine and consider a range of strategic alternatives available to the Company, with a view to enhancing shareholder value.

Strategic alternatives may include, but are not limited to, a debt restructuring, a sale of all or a material portion of the assets of Twin Butte, either in one transaction or in a series of transactions, the outright sale of the Company, or merger or other transaction involving Twin Butte and a third party, and/or alternative financing initiatives. For the purposes of considering strategic alternatives, Twin Butte has established a special committee consisting of directors, Jim Brown (Chair), Warren Steckley and John Brussa to oversee the process.

Tags: Twin Butte Energy Ltd.