CALGARY, Jan. 27 /CNW/ - UNX Energy Corp. (TSX-V: UNX) ("UNX" or the "Company"), today announced that a 3D seismic contract has been signed between UNX's joint venture partner and operator for Petroleum Licence 2813, HRT Participações en Peróleo S.A. (HRTP3:BZ) ("HRT") and Polarcus Limited (OAX: PLCS), to provide 3D seismic on Block 2813A in offshore Namibia. UNX and HRT each own a 40% share in the 2813 contract area with the remaining 20% being owned by Acarus Investments (Proprietary) Ltd., a local Namibian company.

The joint venture plans to acquire 1,232 km2 of 3D seismic on the northern portion of Block 2813A in offshore Namibia. The program is an extension of UNX's previously announced seismic program on Block 2713A, which targets a very large feature with multiple identified zones including a sub-shale feature. UNX's share of the seismic program will be wholly funded from the monies the corporation raised in July and November of 2010.

"The extension of the 3D seismic program into Block 2813A will provide further detail on the size and extent of the large structural feature we have identified on Block 2713A," said Mr. Gabriel Ollivier, President and CEO of UNX Energy. "The seismic will supplement our already robust data set and add to the compelling argument of the Orange Basin's "Big Oil" prospectivity. This program greatly exceeds all of the joint venture's required work commitments for Petroleum Licence 2813, at approximately twice the minimum required work commitment for the contract area."

About UNX Energy Corp.

UNX Energy Corp. is a junior, independent oil and gas company, focused on exploration for crude oil in offshore Namibia, Africa. Headquartered in Calgary, Alberta, Canada, UNX's asset base consists of approximately 51,000 square kilometres (approximately 32,000 net) of offshore acreage, strategically located along the prolific South Atlantic Margin. Development of these highly prospective blocks is being advanced by an experienced management team, qualified technical staff and strong in-country relationships. UNX employs strategic technical expertise to optimize the probability of exploration success in the region. UNX is committed to conducting its business in a socially and environmentally responsible manner, ultimately working towards the goal of sustainable development in Namibia's oil and gas sector for the benefit of all stakeholders.

On Behalf of the Board of Directors
of UNX Energy Corp.

Duane Parnham

For further information visit our website at www.unxenergy.com
Sedar Profile #00016276

Forward Looking Information

This news release contains certain forward-looking statements that reflect the current views and/or expectations of UNX Energy Corp. with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, foreign exchange fluctuations, changes in business strategy, regulatory requirements, demand for our resources, competition and dependence on key personnel. These risks, as well as others, could cause actual results and events to vary significantly. UNX Energy Corp. does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

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 UNX Energy Corp.

For further information:

Maria Elliott, VP Finance & CFO
Telephone: (403) 984-6430
Email: maria.elliott@unxenergy.com
David Feick, Investor Relations   
Telephone: (403) 218-2839   
Email: dfeick@equicomgroup.com  
        Heidi Christensen Brown, Investor Relations
Telephone: (403) 218-2833
Email: hchristensenbrown@equicomgroup.com

Profil de l'entreprise

UNX Energy Corp.

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