Enercorp Announces New Officers; Dec. 6 Record Date for Feb. 1, 2005 Annual Meeting.

FARMINGTON HILLS, Mich. -- Enercorp, Inc. (PINK SHEETS:ENCP), a 26-year-old Business Development Company, today announced two new officers and set Dec. 6, 2004 as the Record Date for the Feb. 1, 2005 Annual Meeting of Shareholders at the Enercorp headquarters at 32751 Middlebelt Rd, Suite B, Farmington Hills, MI 48334.

In recent years, Enercorp's investment activity has been limited by its working capital. As stated in its Sept. 30, 2004 Form 10-QSB filed with the SEC, Enercorp's assets were $862,975 and liabilities $383,721, reflecting a net worth of $479,254, or 69 cents per share. The stock is currently trading at 30 cents.

Management vigorously opposes the hostile Proxy fight takeover attempt by a 56-year old German-born Florida stockbroker, who belatedly informed the SEC he controls 6.5% of the issued and outstanding shares of Enercorp.

On November 19, 2004, Enercorp's Board of Directors expanded the duties of James C. Sargent, Esq., from Chairman of the Board and CEO to include President and COO. Dr. Jeffrey E. Rautio will continue to serve as an independent Director along with Salvatore M. Parlatore.

Chairman Sargent contributes experience from both regulatory and business perspectives. His credentials include: BA and LLB degrees from the University of Virginia; public service as the Regional Administrator of the New York Office of the US Securities and Exchange Commission (SEC); appointment by the President, with the advice and consent of the US Senate, as Commissioner of the SEC, in Washington DC until 1961; and a partner in New York City law firms specializing in securities law until 1995 when he moved to Virginia where he continues to practice law. Sargent also serves on the Boards of Directors of a public company and a mutual fund.

William D. McMaster, Founder and President of national award-winning McMaster Marketing & PR since 1968, became Chief Compliance Officer of Enercorp on Nov. 11, 2004. McMaster has been involved in 12 Proxy fights, winning 10. All but two were on the side of managements of NYSE, American Stock Exchange and NASDAQ-listed companies. Since Sarbanes-Oxley, McMaster has worked with small businesses to assist equalizing their relationships with large publicly owned banks. In 2004, McMaster was awarded "Businessman of the Year-Michigan," and the national "Ronald Reagan Gold Medal for Leadership" by the RNCC.

Enercorp, Inc. is a Business Development Company (BDC) under the Investment Company Act of 1940, as amended.

The statements included in this news release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1934, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; economic downturns affecting the operations of the Company, adequate financing to achieve the new strategic plans, and the unavailability of general financing to complete management's overall plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and the Company disclaims any intent or obligation to update these forward-looking statements.