Mooncor Oil & Gas Corp

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Mooncor Oil & Gas Corp. (TSX: V.MOO) is a a junior oil and gas exploration and development company. It was reported to be actively leasing in southwest Ontario and to have an initial 3,000 acre leasehold in the area. This region is considered to be part of the St. Lawrence lowlands. It is primarily focusing on shale gas projects.

A further report indicates that it is planning to spud a well in the 4th quarter of 2008 in Norfolk County, Ontario targeting the Trenton-Black River formation. It has access to an additional 25,000 acres of undeveloped land there through an agreement with another Ontario-based oil and gas exploration company.

The company provided an update in December, 2008 in which it stated that Mooncor now has 3000 acres in Lambton Township, southwest Ontario. It will focus there on a combination of shale and conventional plays. The company has drilled a test well on the property, but it provided only non-commercial gas and was abandoned.

Contact: Richard Cohen, VP-Corporate Development