CALGARY, ALBERTA--(Marketwire - April 15, 2010) - Forent Energy Ltd. (TSX VENTURE:FEN) ("Forent" or the "Company") is pleased to announce that, further to its press release of March 30, 2010, it has successfully completed a $4.4 million equity financing. The non-brokered financing was over-subscribed and consisted of 15,175,000 units at a price of $0.20 per unit, each unit consisting of one common share and one half a common share purchase warrant, each whole warrant being exercisable for one common share at a price of $0.26 per share until April 15, 2012; and 6,292,455 common shares issued on a "flow-through" basis at a price of $0.22 per share for total gross proceeds of $4,420,000, before expenses. These securities are subject to resale restrictions under applicable securities legislation and the policies of the TSX Venture Exchange until August 15, 2010.

W. Brett Wilson invested $3.0 million in the financing and has been appointed to the board of directors of Forent, Mr. Wilson holds 14,515,455 shares of Forent, representing approximately 16% of the outstanding shares on a non-diluted basis.

The Company will apply the proceeds of this issue towards its western Canadian oil exploration and development program and for the continued development of its 1.2 million acres in Nova Scotia. It is Forent's intention to use a portion of the funds to immediately pursue the flying of a 200 square mile differential gravity survey over a significant portion of the Alton Block in Nova Scotia.

Forent is the largest on-shore oil and natural gas license holder in Nova Scotia with exploration licenses on more than 1.2 million net acres. The Company has identified an extensive inventory of oil and natural gas opportunities on its Nova Scotia properties, including conventional Gays River carbonate oil & natural gas targets and a significant Horton shale gas resource play. Forent's Nova Scotia properties are bisected by the Maritimes & Northeast natural gas pipeline providing direct access to market for natural gas developments in the area and the region also offers access to oil refineries for the processing of any future crude oil discoveries.

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.