RAIMOUNT RETAINS RBC RUNDLE AS AGENT FOR THE SOLICITATION OF ALBERTA BASIN-BAKKEN DEVELOPMENT PROPOSALS

CALGARY, June 20, 2011 /CNW/ - Raimount Energy Inc. ("Raimount"), on behalf of itself and two private companies, has retained RBC Rundle as their exclusive agent to solicit strategic development proposals for their 100% owned and operated deep petroleum and natural gas rights in 33.4 contiguous sections of land in the Woolford area of southwestern Alberta.  All rights below the top of the Mississippian formation will be offered, including the "Alberta Bakken" formations (the Banff, the Exshaw and the Big Valley) underlying Raimount lands in the heart of the Southern Alberta Basin-'Bakken' play which extends from northern Montana into southern Alberta.

RBC Rundle intends to solicit, and Raimount et al will consider a full range of proposals including a purchase and sale, a buy-in or a farm-in.  Proposals ensuring the timely and orderly development of the lands will be given priority.  The Company intends to complete a transaction before the end of the third quarter of this calendar year.

RBC Rundle will oversee the timely distribution of the Information Memorandum and will coordinate data room access.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Raimount Energy Inc.

For further information:

For further information, please contact the following:

Raimount Energy Inc.
Gregory A. Vavra, President
403-265-6292
gvavra@raimount.com
      RBC Rundle
Rich Wickens, Managing Director
403-299-8449
richard.wickens@rbccm.com

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Raimount Energy Inc.

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