Velo Energy Provides Corporate Update



    /NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA/

    VANCOUVER, June 30 /CNW/ - Velo Energy Inc. ("Velo" or the "Company")
(TSX Venture Exchange-VLO) provides the following update:

    Resignation of Director

    Darrell Brown has resigned as a director of the Company. The Board of
Directors of Velo will soon consider other candidates to replace Mr. Brown.

    About Velo Energy Inc.

    Velo is an emerging oil and gas company engaged in the exploration for,
development and production of natural gas and oil in the western sedimentary
basin.

    The TSX-V has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this press release.





For further information:

For further information: Jack Muir, Director; Tel: (604) 891-8782

Organization Profile

VELO ENERGY INC.

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