Avery Withdraws from Latest Australian Exploration and Development Project

    CALGARY, June 4 /CNW/ - Avery Resources Inc. (TSX-V: ARY) ("Avery" or the
"Company") today announced that its wholly-owned Australian subsidiary, Avery
Resources (Australia) Pty. Ltd., has withdrawn from its exploration and
development program in the Taylor Field and ATP 709P (Part 5), as announced on
March 7, 2007. Avery's operating partner, Mosaic Oil N.L., experienced
substantial unforeseen increases in its budgeted cost for the proposed 3D
seismic program over the Taylor Field area making it impractical for Avery to
proceed with the program.
    "While we are disappointed that this arrangement did not work out, we are
discussing other opportunities with Mosaic Oil," said David Little, President
and CEO of Avery. "In the meantime, our five farm-in programs in the onshore
Australian Cooper Basin are progressing, with two seismic programs recently
completed, another one ongoing, and further drilling anticipated in August and
September. As well, the acquisition of the Schwarzer 3D seismic survey on our
10 percent owned Katandra prospect in the Timor Sea, offshore Australia, has
been completed and is now being processed. Interpretation and evaluation is
expected to be completed by late August of this year with a drill decision to

    About Avery

    Avery Resources is an international hydrocarbon exploration and
production company based in Calgary, Alberta. The Company is committed to
growing shareholder value through international acquisitions and exploration
in countries that provide significant exploration upside coupled with
favorable fiscal and legal systems. Avery's primary interest is in Australia,
where the Company is building a significant presence through production,
partnerships, drilling and acquisitions.


    Except for statements of historical fact, all statements in this press
release, without limitation, regarding new projects, acquisitions, and future
plans and objectives are forward-looking statements, which involve risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from those
anticipated in such statements.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    %SEDAR: 00003559E

For further information:

For further information: Avery Resources Inc., David Little, Chairman &
CEO, Richard Edgar, President, (403) 205-2526, Email: info@averyresources.com,
Website: www.averyresources.com; Bryan Mills Iradesso, Ken Wetherell, Investor
Relations, (403) 503-0144 x224, Email: contact@iradesso.com

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