TORONTO, ONTARIO–(EMWNews – Aug. 5, 2008) – Universal Energy Group Ltd. (“Universal Energy Group”) (TSX:UEG) today announced that it will issue its third quarter financial results for fiscal 2008 on Tuesday, August 12, 2008, before the market opens. The company will host a conference call to discuss its financial results at 11:00 a.m. ET. Gary J. Drummond, Executive Chairman, Mark L. Silver, President, Electricity and Gas Marketing, Tim J. LaFrance, President, Terra Grain Fuels and Stephen Plummer, Chief Financial Officer will discuss the company’s financial results and performance.

You are invited to participate by calling 1.800.573.4840 (toll-free in North America) and enter access code 74845910. International callers may dial 617.224.4326 and enter access code 74845910. An archived recording of the call will be available later that day and will remain available until August 19, 2008 by dialing 1.888.286.8010 and entering access code 44091151. International callers may access the replay by calling 617.801.6888 and entering the access code 44091151.

Universal Energy Group’s common shares are listed on the Toronto Stock Exchange under the symbol “UEG”. Universal Energy Group through its subsidiary Universal Energy Corporation, sells electricity and natural gas in Ontario and natural gas in British Columbia to residential, small to mid-size commercial and small industrial customers. Universal Energy Group through its subsidiary Universal Gas & Electric Corporation, sells natural gas in Michigan to residential, small to mid-size commercial and small industrial customers. Universal Energy Group through its subsidiary National Energy Corporation, operating under the trade name National Home Services, offers Ontario residential customers a long-term water heater rental program. Universal Energy Group through its subsidiary Terra Grain Fuels Inc. operates an ethanol facility near Belle Plaine, Saskatchewan. Additional information about Universal Energy Group is available on SEDAR (www.sedar.com).