Brek to Increase Ownership in Vallenar and Commence Drilling in West Texas.

Business Editors

Brek Energy Corporation, (NASDAQ: BREK, BSX: BREK, BREK BH), today announced, that it has entered into agreements to acquire 2 million shares of Vallenar Energy, Inc. from certain existing shareholders and has also subscribed for 800,000 common shares of Vallenar to fund a drilling program for a total of $410,000. Upon completion Brek will have an equity stake of approximately 51%.

Brek also announced that Vallenar will commence, in mid-July, a drilling process which, if successful, will prove up a shallow, heavy oil play on its 8500 acre tract in Edwards County, Texas. Vallenar expects to drill between 3 and 5 wells. Upon completion of the multi-hole drill program, management will be able to determine the type of recovery method, the validity and economic viability of the Prospect, and evaluate production potential by means of a small pilot recovery program.

Advances in oil production technology are making the production of heavy hydrocarbons a commercial reality. In the USA, heavy hydrocarbon deposits are estimated to be more than eight times that of the nation's remaining reserves of conventional crude oil. Prospects that would have been shut-in or passed over as economically marginal during the 1980s are now being actively developed with support and encouragement of the Department of Energy which is spearheading a new wave of technology improvements to keep America's oil field pumping. Vallenar aims to prove up and achieve commercial success in the development and production of its Rock Springs Prospect with advanced recovery methods.

About Vallenar Energy Corp.

Vallenar Energy Corp., (Vallenar") a private Nevada oil and gas exploration and development company with Texas based oil & gas leases is located approximately 100 miles west of San Antonio. Historical data indicates a shallow, heavy oil play within the Cretaceous aged Glen Rose limestone and Travis Peak sandstone. Though a multi-hole drill program commencing in mid July, management hopes to substantiate historical data and technical reports that indicate substantial reserves with commercially viable potential via modern enhanced recovery methods. Geologically, the Prospect is a shallow north-south anticline believed to have approximately 75 feet of closure covering approximately 29,500 acres with Travis Peak having 50 to 200 feet of net pay. Vallenar has secured leases on 8,500 acres of what is believed to be optimum ground within the prospect.

About Brek Energy Corporation

Brek Energy Corporation owns significant interests in emerging non-conventional energy companies and assists in building these companies and their assets to their full potential. Brek Energy Corporation, formerly First Ecom.com Inc., also provides electronic payment solutions through its wholly owned subsidiary, First Ecom Systems Limited. The Company's common shares trade on the NASDAQ National Market System under the symbol BREK.

For more information, visit www.brekenergy.com contact Brek Energy Corporation at +(852) 2801-5181 or by e-mail at [e-mail]

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include significant risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. For a discussion of some of these risks and uncertainties, please refer to the company's SEC filings, which contain additional discussion about those risk factors, which could cause actual results to differ from management's expectations. Brek Energy expressly disclaims any obligation to update the statements contained herein.

Stock Symbol: BREK, BSX: BREK BH