StarPoint Energy Ltd. and E3 Energy Inc.

Release Date: January 7, 2005
CALGARY, Jan. 7 /CNW/ – StarPoint Energy Ltd. and E3 Energy Inc. are pleased to announce that both companies have received the Court of Queen’s Bench of Alberta’s approval as well as regulatory approvals for the announced Plan of Arrangement.

Subject to final approval from the Toronto Stock Exchange, StarPoint Energy Trust (trading symbol “SPN.UN”) and Mission Oil & Gas Inc. (trading symbol “MSO”) anticipate to commence trading on or before January 14, 2005.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

/For further information: StarPoint Energy Ltd.: Paul Colborne, President and C.E.O., Telephone: (403) 268-7800, Fax: (403) 263-3388; Brett Herman, Vice President, Finance and C.F.O., Telephone: (403) 268-7800, Fax: (403) 263-3388; E3 Energy Inc.: Paul Starnino, President and C.E.O., Telephone: (403) 266-6747, Fax: (403) 266-6740; Dean Bernhard, Vice President, Finance and C.F.O., Telephone: (403) 266-6747, Fax: (403) 266-6740; Mission Oil & Gas Inc.: Trent Yanko, President and C.O.O., Telephone: (403) 268-7804, Fax: (403) 263-3388/

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