Valparaiso files its 2009 Statement of Reserves Data

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES./

CALGARY, May 13 /CNW/ - Valparaiso Energy Inc. (the "Corporation" or "Valparaiso") (NEX: VPO.H) has filed with the securities authorities in Canada its reserves data for the year ended December 31, 2009 ("Statement of Reserves Data and Other Oil and Gas Information") which includes the disclosure and reports relating to reserves data and other oil and gas information. The Statement of Reserves Data and Other Oil and Gas Information is on the System for Electronic Document Analysis and Retrieval ("SEDAR"). The following has also been filed on SEDAR in conjunction with this press release, Form 51-101F2 Report on Reserves Data by Cum Ben Engineering and Development Limited, an independent evaluator and Form 51-101F3 Report of Management and Directors on Oil and Gas Disclosure.

This filing is available for review at www.sedar.com.

Valparaiso is a publicly traded junior Canadian oil and gas exploration and development company trading on the Toronto Venture Stock Exchange under the symbol "VPO.H".

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.

%SEDAR: 00009590E

For further information: William J. Wylie, President and Chief Executive Officer, T: [phone] (Ext. 4), E: [email protected]