Ingenium Capital Corp. Enters Agreement to Participate in the Drilling of Barnett Shale and Fayetteville Shale Properties.

VANCOUVER, British Columbia -- Ingenium Capital Corp. (OTCBB:IGMC) announced today that it has entered into an agreement to participate in the drilling of Barnett Shale and Fayetteville Shale oil and gas wells. The agreement with REO Energy Ltd., a Fort Worth, Texas based owner and operator of mineral leases located both in the Barnett Shale play, north of Fort Worth, Texas and the Fayetteville Shale play, east of Little Rock, Arkansas. REO owns approximately 7,000 acres of mineral leases in the Barnett Shale and 5,000 acres in the Fayetteville Shale. It also has options to acquire 5,000 additional acres in the Barnett and 15,000 acres in the Fayetteville Shale.

The Barnett Shale is the largest natural gas play in Texas. It is presently producing 900 MMCF of gas per day and is considered one of the largest U.S. domestic natural gas plays with sizable remaining resource potential. Published reports indicate the Barnett Shale play is estimated to hold reserves in the non-core area that could be as high as 150 BCF per 1,000 acres.

The Fayetteville Shale, located just east of Little Rock in Arkansas, is the western extension of the Arkoma Basin, one of the most prolific gas basins in the continental US. Similar to the Barnett Shale in many ways, this unconventional gas development is attracting the attention of many large oil companies due to the high amount of estimated reserves. Current spacing requirements are roughly 40 acres per well.

Fayetteville wells will range in depth between 2500 feet and 6500 feet. It is anticipated that these wells will be horizontal completions.

Under the terms of the agreement with REO Energy, Ingenium Capital has the right to participate as a working interest owner in all of the wells REO drills on its acreage in the Barnett and Fayetteville Shale plays. Ingenium will also be entitled to earn acreage under this agreement based on well participation.

"This project is the initial step in Ingenium's program to build a diverse portfolio of promising oil and gas properties and prospects. We plan to continue pursuing other prospects that should help us build long-term value for our shareholders," says Mr. Ted Kozub, Chief Executive Officer of Ingenium Capital Corp.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above.

Ingenium Capital Corp. (OTC Bulletin Board:IGMC)