Veraz Petroleum Ltd. announces share issuance

    CALGARY, June 12 /CNW/ - Veraz Petroleum Ltd. (VRAZ - CNQ) (the "Company"
or "Veraz") wishes to announce that it has issued 200,000 common shares to
Peter Shepherd, in relation to a finder's fee arising under a memorandum of
understanding between Mr. Shepherd and the Company. The finder's fee was
negotiated by previous management of the Company and related to services
provided in connection with the Company's License Contract for the Exploration
and Exploitation of Hydrocarbons in Block 126 in Peru.

    Veraz is a junior international oil and gas exploration company based in
western Canada and listed on the Canadian Trading and Quotation System Inc.
(CNQ) under the symbol VRAZ.

For further information:

For further information: Gerardjan ("Oppe") Cosijn, President and Chief
Executive Officer, Phone: (403) 514-0382, Fax: (403) 514-0383, Email:,

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Veraz Petroleum Ltd.

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