Stealth Ventures Ltd. Announces Intention to Make a Normal Course Issuer Bid



    SLV tsx-venture

    CALGARY, Sept. 17 /CNW/ - Stealth Ventures Ltd. (TSX-V: SLV) ("Stealth")
announces its intention to make a Normal Course Issuer Bid (the "Bid")
pursuant to the provisions of TSX Venture Exchange Policy 5.6.
    The Bid, which is subject to TSX Venture Exchange acceptance, would
consist of the acquisition by Stealth of up to 6,504,000 common shares of its
capital stock, representing 10% of the "public float" of 65,049,451 common
shares upon the proposed date of commencement of the Bid. (There are currently
91,681,543 common shares of Stealth issued and outstanding) Stealth proposes
that the Bid commence on October 2, 2008, and terminate on October 2, 2009.
    Stealth intends to make the Bid because it is of the opinion that
fluctuating global market conditions periodically (and currently) result in
unwarranted reductions in Stealth's share price that do not reflect the
underlying value of its net asset value. Stealth would utilize unallocated
cash resources to effect purchases under the Bid with a view to capitalizing
on these short-term price weaknesses. Share purchases under the Bid would be
made at Management's discretion based on market conditions. (Stealth has not
at any time purchased any of the securities that would be the subject of the
Bid)
    The Bid would be conducted on behalf of Stealth by Union Securities Ltd.,
of Suite 900 - 700 West Georgia Street, Vancouver, B.C.
    All information regarding Stealth is available at www.sedar.com or at its
website www.stealthventures.ca. 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

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS
    RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS
    MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.
    

    %SEDAR: 00008195E




For further information:

For further information: Derek Krivak, CEO, Mark J. Roth, CFO, Stealth
Ventures Ltd., Tel.: (403) 514-9998, Fax: (403) 514-9995, Emails:
investorrelations@stealthventures.ca; Richard Cohen, Investor Relations, CLARK
AVENUE COMPANY, Tel.: (905) 882-4422, Fax: (905) 882-4435,
clarkavenue@rogers.com

Organization Profile

STEALTH VENTURES LTD.

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