Junex Inc

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Quebec City, Quebec-based Junex Inc. (TSXV: JNX) is a Canadian junior gas exploration company holding rights to more than 6 million acres of land located in the Appalachian basin in the Province of Quebec.

The company focuses on the Lorraine and Utica shale formations and the potential for the Trenton-Black River formation. Junex's leases are primarily in the Saint Lawrence Lowlands.

It is part of a joint ventrue to develop the St. Lawrence Lowlands with Forest Oil and Gastem. It also owns almost 8% of the common stock of Petrolia and 1% of Gastem.

According to a June, 2009 report Junex is participating in a complex farm out agreement with Fairlady Energy over the 54,363 acre Lowland's Nicolet Permit (#2002RS056). Under the agreement, Junex had the right to earn up to a 50% working interest in the property by drilling, coring and logging two earning wells to the base of the Utica shale prior to the end of 2009. The first of these wells, St-Gregoire No.3, had already been drilled to a depth of 875 meters. Core samples retrieved during the drilling of the well identified the presence of gas. A fourteen mile seismic survey has recently been completed, and the results were to be used to help select a site for the second well there. The second well was planned go 1600 meters deep with a 36 meter Utica shale core sample cut.

• Mr. Jean-Yves Lavoie is the company's President and CEO.

• André Caillé, one-time head of Hydro-Québec, is a senior advisor to Junex.