Underground Energy to Present at the Independent Petroleum Association of America's Oil & Gas Investment Symposium

SANTA BARBARA, CA, Sept. 21, 2011 /CNW/ - Mr. Michael Kobler, CEO of Underground Energy Corporation ("Underground " or the "Company") (TSX VENTURE SYMBOL: UGE), is scheduled to present a corporate overview of the Company at the Independent Petroleum Association of America's Oil and Gas Investment Symposium (OGIS) on Wednesday, September 28 at 11:45 a.m. (PT). The conference will be held at the Palace Hotel in San Francisco, from September 26th to 28th, 2011.

A live audio link to the webcast presentation will be available at: http://www.investorcalendar.com/IC/CEPage.asp?ID=165921&CID=, or on the Company's website at www.ugenergy.com.   It is recommended that listeners log on 10 minutes in advance of the presentation to register and download any necessary software.

The Company intends to post a copy of the presentation to be given at OGIS on its corporate website.

About Underground Energy

Underground Energy is focused on identifying, acquiring rights to, exploring for, developing and producing oil reserves from shale formations in North America using the latest exploration and recovery techniques and technologies. Underground focuses on identifying and acquiring sizable land positions and prospects in historically prolific but under-explored shale formations as well as in emerging shale plays that, in both instances, hold large volumes of oil and gas resources. UE currently holds mineral rights on approximately 49,290 net acres of highly prospective lands in California and Nevada with an initial focus on the Monterey shale in California.

Underground Energy Corporation, the parent company of Underground, is listed on the TSX Venture Exchange under the ticker symbol "UGE". For more information on Underground please visit www.ugenergy.com.

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

SOURCE Underground Energy Corporation

For further information:

Peter Ballachey
Chief Financial Officer
Underground Energy Corporation
Tel: 805-845-4700 x 17  
    Simon Clarke
Vice President, Corporate Development
Underground Energy Corporation
Tel: 604-551-9665

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Underground Energy Corporation

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