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Mr. Andre Caille Joins Junex

2008-04-08 05:00:00

Mr. Andre Caille Joins Junex

QUEBEC, QUEBEC–( EMWNews – April 8, 2008) – Junex Inc. (TSX VENTURE:JNX) is pleased to announce that Mr. Andre Caille, former president of Hydro-Quebec and Gaz Metropolitain, will be joining Junex’s team as Senior Strategic Consultant.

“The arrival of Mr. Caille as strategic consultant represents a significant enforcement of Junex’s management team. The province of Quebec is currently bubbling with agitation as far as the oil and gas exploration is concerned and Junex is in the heart of all these developments. The addition of a strategic consultant with experience such as Mr. Caille’s will, undoubtedly, enable us to better plan the next phase of our company’s growth strategy in order to maximize the shareholders value, notaly in regards to the 900,000 net acres of land we hold in the St. Lawrence Lowlands” has declared the president of Junex Mr. Jean-Yves Lavoie, P. Eng.

Mr. Caille will receive no monetary income for his work with the company’s management but Junex’s Board has granted him a total of 600,000 stock options. A total of 75,000 stock options will vest at the date of this press release on his contract while the other 525,000 stock options will gradually vest in the course of the next three years in conformity with the Stock Option Plan of the company. These stock options are granted at a price of $1.68 and are valid for a maximum period of 10 years conditional to the fact that Mr. Caille remains at the position of Senior Strategic Consultant for the company during all those years. The initial contract is for a three-year period and is renewable at the satisfaction of both parties.

Biography of Mr. Caille

Mr. Caille was Chairman of the World Energy Council from September 2004 to November 2007. He held the position of Chairman of the Board of Hydro-Quebec from April to September 2005. Prior to this appointment, he was President and Chief Executive Officer of the Corporation for a period of 9 years starting in October 1996. Moreover, for more than 14 years he has occupied several other strategic management positions within Gaz Metropolitain such as president and CEO between 1987 and 1996. He was also appointed Quebec’s Deputy Minister of the Environment from 1978 to 1981.

In May 1998, Mr. Caille was inducted into the Order of Merit of the Association des Diplomes de l’Universite de Montreal, in recognition of his efforts in enhancing the university’s influence and promoting social development. In July 2000, the Institut national de la recherche scientifique (INRS) awarded him an honorary doctorate to underscore his role in the development of Quebec society. In November 2000, the Clinical Research Institute of Montreal conferred its Medal of Merit for his support of scientific research, health and education.

In November 2001, the Institut d’administration publique du Quebec awarded Mr. Caille the Pierre-De Celles Prize in recognition of his excellence as a manager. In April 2002, the Academy of Great Montrealers welcomed Mr. Caille, citing his exceptional contribution to the prestige and reputation of Greater Montreal. In May 2002, the University of Montreal awarded him an honorary doctorate to underscore his career in the energy and environment fields, in the public as well as in the private sector. In May 2004, the Royal Military College of Canada awarded him an honorary doctorate in engineering.

In June 2004, he was decorated a Knight of the French Legion of Honor by the President of France, receiving the medal in March 2005. This prestigious distinction was awarded in recognition of his commitment to developing and strengthening ties, especially economic ties, between France and Quebec.

About Junex

Junex holds exploration rights on more than 6 million acres of land located in the Appalachian basin in the province of Quebec. Recent major discoveries in the United States and Eastern Canada have stimulated exploration in Quebec, which is located in a favourable geological setting for oil and gas discovery. Junex’s strategy is to reduce exploration risks by entering into partnerships with other exploration companies. In parallel to its exploration efforts, Junex’s goal is to achieve positive cash flows from its natural brine and drilling services operations. Junex also holds approximately a 9.4% interest in Petrolia (TSX VENTURE:PEA) and a 2.2% interest in Gastem (TSX VENTURE:GMR).

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

For more information, please contact

Junex Inc
Mr. Jean-Yves Lavoie, P. Eng.
President and Chief Executive Officer


Junex Inc
Dave Pepin, MBA
Vice-President, Corporate Affairs and Investors Relations

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