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UnionTown Energy Inc. (UTOG) Provides Shareholder Update Through Monthly Newsletter

2012-09-21 18:09 ET - News Release


Company Website: http://www.uniontownenergy.com/
BILLINGS, Mont. -- (Business Wire)

UnionTown Energy Inc. (Pink Sheets: UTOG) is pleased to announce that a shareholder update is available on its website at http://www.uniontownenergy.com/documents/newsletter.html.

Topics in the monthly newsletter covered include The New Miami Property, Listing processes in Europe and North America and online reporting with the Montana Board of Oil and Gas Conservation.

UnionTown Energy Inc. (UTOG) is an independent oil and gas company that owns 48% of NX Petroleum Inc., which has a Memorandum of Understanding to be purchased by a European Oil & Gas Company. On completion of the NX Petroleum-European Oil & Gas Company transaction, UTOG will own 48% of the European Oil & Gas Company and a 10% working interest in the New Miami Property. UnionTown Energy Inc. is a proud member of the Montana Petroleum Association.

For more information please visit www.UnionTownEnergy.com.

Safe Harbor

The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. Although the Company believes that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. These forward-looking statements, specifically statements relating to expectations regarding commercial viability or production from its properties may well involve risks and uncertainties that include, among others, fluctuations in natural gas and crude oil prices; the timely receipt of necessary permits and approvals; market demand for, and/or available supplies of, energy-related products and services; unanticipated project delays, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's Report on Form 10Q/A filed on September 23, 2011, as well as the information contained in this release, when assessing the Company and its business. The Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions.

Contacts:

UnionTown Energy Inc.
Patrick Smyth, 702-530-3241
info@uniontownenergy.com

Source: UnionTown Energy Inc.

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