CALGARY, ALBERTA--(Marketwire - May 13, 2010) - Forent Energy Ltd. (TSX VENTURE:FEN) ("Forent" or the "Company") is pleased to announce that it has signed a definitive agreement with ARKeX Ltd. for a $US 1.4 million gravity gradiometry survey of its Alton Block in Nova Scotia, which is anticipated to commence later this month. The ARKeX survey would provide the most efficient and cost effective way of gaining the detailed geological information needed over such a large area. 

The 740,000 acre Alton Block in Nova Scotia has two prominent hydrocarbon plays – reef oil and shale gas. The gravity gradiometry survey will provide the Company with its first significant evidence as to the location of the potentially oil bearing reefs. ARKeX use a high bandwidth, high resolution 3D imagery system that will identify structural highs where reef structures tended to grow. After the structural highs have been identified, the Company intends to shoot a 2D seismic program early next year and to initiate a multi well drilling program in the summer of 2011. 

In Western Canada, Forent has farmed-in on Sahara Energy's Blackfoot heavy oil property located in the Lloydminster area of Alberta. The drilling of these lands is subject to a successful down spacing order which is currently being applied for. 

The Company would also like to announce that it has closed its previously announced acquisition of all of the shares of Edelex Holdings Ltd. in exchange for 327,771 shares of Forent Energy Ltd. at an issue price of $0.25 per share. The shares are subject to a four month hold period from the date of issuance.

The Company also announced today that, pursuant to its stock option plan, it has granted options to acquire up to an aggregate of 845,000 common shares of Forent to certain directors, officers and employees of the Company and 100,000 options to charitable organizations. Each of the options is exercisable for a five year term expiring on May 12, 2015, and exercisable until that time at a price of $0.30 per common share. 

The options are subject to a four month hold period from the date of grant. 

Shares of Forent trade on the TSX Venture Exchange under the symbol "FEN.V".

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements such as the estimates of reserves, the references to Forent's exploration program and drilling program and capital expenditures relating to, and timing of, such programs are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. There are uncertainties inherent in forward-looking information, including factors beyond Forent's control, and no assurance can be given that the programs will be completed on time, on budget or at all. In addition, there are numerous uncertainties inherent in estimating reserves, including many factors beyond Forent's control, and no assurance can be given that the indicated level of reserves or the recovery thereof will be realized. Forent undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in Forent's filings with Canadian securities regulators, which filings are available at www.sedar.com.