TQE Torque Energy Com

Torque Energy Inc. (TSX VENTURE:TQE) is pleased to announce that it and Liberty
Oil & Gas Ltd. have entered into the definitive Asset Purchase Agreement with
Union Gas Limited and, pursuant thereto, closed the sale to Union of rights to
develop new natural gas storage capacity in the Municipality of Chatham-Kent
from Torque (as to 50%) and Liberty (as to 50%).


If the Ontario Energy Board approves all the reservoirs for designated storage,
Torque could receive payments totalling $3.88 million over the next six to eight
years. The first storage reservoir could be in service as early as July 2012 if
the Ontario Energy Board's approval is obtained, as targeted, by the summer of
2011. If that occurs, Torque will have received, at the time of such approval,
payments totalling $1.25 million.


So long as they do not jeopardize the integrity of the designated storage
reservoir, Torque and Liberty retain the right to explore and drill for and
produce petroleum substances from all new and certain existing wells and lands
within the area.

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