Result Announces Closing of Nexstar Acquisition

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CALGARY, Feb. 17 /CNW/ - Result Energy Inc. ("Result") (TSXV:RTE) is pleased to announce that it has completed its previously announced Arrangement (the "Arrangement") with Nexstar Energy Ltd. ("Nexstar") pursuant to a Plan of Arrangement. At the Special Meeting of the shareholders of Nexstar which was held on February 16, 2010, the Arrangement was approved by over 99% of the votes cast by shareholders. Final approval from the Court of Queen's Bench of Alberta was also received today. It is anticipated that the Class A Shares of Nexstar will be delisted from trading on the TSX Venture Exchange on February 22, 2010.

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.

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SOURCE RESULT ENERGY INC.

For further information: For further information: Brett Herman, President & CEO, Result Energy Inc., Telephone: (403) 777-0007; Jason Zabinsky, Vice-President, Finance & CFO, Result Energy Inc., Telephone: (403) 777-0007

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RESULT ENERGY INC.

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