EMM Energy Inc. - Normal Course Issuer Bid


    CALGARY, Jan. 22 /CNW/ - EMM Energy Inc. "EMM" (TSX VENTURE:M) is pleased
to announce filing with the TSX Venture Exchange ("TSXV') for a Normal Course
Issuer Bid (the "Bid") by EMM Energy Inc. ("EMM") to purchase from
time-to-time, as it considers advisable, up to 310,000 shares of the issued
and outstanding common shares of EMM (representing approximately five percent
of the current issued and outstanding shares) on the open market. EMM may
purchase up to 2 percent of the outstanding shares in a 30 day period. The
shares will be returned to treasury and cancelled after purchase.
    EMM will pay the prevailing market price for such shares at the time of
purchase. The Bid will commence February 1st, 2009 and will terminate on
January 31, 2010, or such earlier time as EMM completes or terminates the Bid.

    The Bid will be conducted through the facilities of:
    RBC Dominion Securities Inc. - Capital Markets
    P.O. Box 50
    Royal Bank Plaza
    South Tower, 2nd Floor
    Toronto, Ontario M5J 2W7
    Contact: Joanne Stewart
    (T) 1-416-842-5327

    EMM's management believes that the current price of its common shares do
not fully reflect the underlying value of the common shares and that,
accordingly, purchasing its own common shares would be in the best interests
of EMM and its shareholders. Such purchases will increase the proportionate
interest of, and may be advantageous to all remaining shareholders. In
addition, EMM's purchases may increase liquidity to EMM's shareholders wishing
to sell their common shares.
    EMM purchased 315,000 shares (approximately 5% of the issued and
outstanding shares) during the previous Normal Course Issuer Bid from February
1st, 2008 to present.

    The TSX Venture Exchange has neither approved nor disproved of the
information contained herein. This press release may include forward looking
statements, which are statements other than of historical fact, such as
information regarding drilling potential and production forecasts. Factors
that could cause actual results to differ materially from our expectations
include exploration and development risks, commodity prices and operating

    %SEDAR: 00014953E

For further information:

For further information: Brian Boulton, President, (T) (403) 213-3339

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