Oxbridge Bank and Trust SCC - Acquisition of Common Shares of Culane Energy Corp.

    MONTREAL, June 29 /CNW Telbec/ - Oxbridge Bank and Trust SCC
("Oxbridge"), located at Chelston Park, Collymore Rock, St. Michael, Barbados,
announces that it has, together with joint actors, acquired ownership of
1,100,400 common shares of Culane Energy Corp ("Culane") representing 4.61% of
the issued and outstanding common shares of Culane. Such common shares have
been accumulated on the TSX Venture Exchange since June 18, 2009 and were
purchased at an average price of $1.74 per common share. Oxbridge, together
with joint actors, now owns and controls 3,758,200 common shares of Culane
representing approximately 15.74% of the issued and outstanding shares of
    The common shares of Culane are being acquired for investment purposes
only. Depending on the evolution of Culane's business, financial condition,
the market for Culane securities, general economic conditions and other
factors, Oxbridge and joint actors may acquire additional securities of Culane
or sell some or all of the securities they hold.

    An early warning report in respect of the above noted transaction has
been filed on SEDAR. A copy of this report can be obtained from Darren C.
Stark at (246) 426-3780

For further information:

For further information: Darren C. Stark, (246) 426-3780

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