SLV tsx-venture

CALGARY, Nov. 24 /CNW/ - Stealth Ventures Ltd. has released its third quarter 2008 financial report:

Highlights of the report include:
-   Increased average production from 66 BOED in the third quarter of
    2007 to 229 BOED in the third quarter of 2008
-   Almost tripled revenue from oil and gas sales to $1,057,822 for the
    third quarter of 2008 as compared to the third quarter of 2007
-   Completed drilling a 78 well program in its shale gas project at
    Wildmere, Alberta, and signed an initial agreement to Joint Venture
    with a Canadian private company with respect to its CBM activity in
    Nova Scotia

All information including the second quarter report is available at www.sedar.com or at its website www.stealthventures.ca. Stealth Ventures Ltd. is a Calgary-based junior oil and gas company whose expertise and focus is on "unconventional" gas reserves from shale gas, CBM, and tight gas sand reservoirs.

Disclosure provided herein in respect of BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

STEALTH VENTURES LTD.
"Derek Krivak"
Per: DEREK KRIVAK
Chief Executive Officer

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.

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