SLV tsx-venture

CALGARY, Feb. 11 /CNW/ - Stealth Ventures Ltd. ("Stealth" or the "Company") is pleased to announce that it has closed the sale of its Stellarton Basin Coalbed Methane assets, subject to formal Government of Nova Scotia approval. The purchaser East Coast Energy Inc. (ECE) is a private oil and gas company incorporated in Ontario, with an office in Stellarton Nova Scotia, whose mandate and focus is east coast oil and gas exploration and development. In consideration Stealth recovered its performance bond and took a 1,000,000 share equity position in ECE.

In addition to the Stellarton divestiture the Company sold its working interest in the Elcott, Weyburn and Ferrier oil and gas properties in Saskatchewan and Alberta. The non-operated assets were sold to a private consortium in exchange for a cash payment of $600,000 Canadian dollars. This transaction is scheduled to close by the end of February.

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.

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