Market Trend News

Mill Bay Ventures Inc ( MBV )

July 4th

Mill Bay Receives Letter of Comfort on Coal Permits

Mill Bay Ventures Inc. ("Mill Bay" or the "Company") (TSX VENTURE:MBV)(PINK SHEETS:MLBVF)(FRANKFURT:M4K) is pleased to announce that the Company has received a priority comfort letter from the Ministry of Energy and Resources of Saskatchewan with regards to two of four township applications made on May 22, 2008 on behalf of Mill Bay encompassing 18,432 hectares (45,545.47 acres) of a total of 36,864 hectares (91,090.94 acres) ground west of Hudson Bay, Saskatchewan. A Coal Prospecting Permit has been issued for the two townships confirming that Mill Bay's applications are first in line. The standard issue comfort letters states, "The extent to which the land described in these applications can be issued has not been investigated, and therefore this letter should not be construed as an indication that any land will be issued, as full review is still to be completed."

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Oilexco Incorporated ( OIL )

July 4th

Oilexco to Increase Debt Capacity to US$ 1 Billion

Oilexco Incorporated ("Oilexco" or "the Company") (TSX:OIL) (LSE:OIL) announces that its wholly owned subsidiary, Oilexco North Sea Limited, has signed an engagement letter with the Royal Bank of Scotland plc ("RBS") with respect to refinancing the Company's current debt obligations that will increase Oilexco's total debt availability to US$1 billion. The credit facility is intended to be underwritten by a group of banks led by RBS, subject to standard internal credit approvals and due diligence, and replaces the previous facility that had a total credit limit of approximately US$ 700 million. The new facility will be used for developing new fields, purchasing production equipment, enabling protection against cost overruns and potential decommissioning liabilities and general corporate purposes.

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Leading Brands Tap T9 Nav™ to Reach Consumers through Mobile

Tiger Beer and The Times confirmed as advertising partners for Nuance’s mobile search and discovery solution

LONDON, July 04, 2008 – Nuance Communications, Inc. today announced that companies will have a new advertising medium to target consumers more easily via mobile thanks to Nuance’s T9 Nav™ software, its innovative search and discovery solution now available as part of a Beta trial in the UK. TigerBeer and Times Mobile, the mobile site of The Times and The Sunday Times newspapers in the UK, have joined the trial as keyword advertising sponsors. By sponsoring appropriate keywords within T9 Nav, companies will be able to influence content choices, drive traffic to specified Web sites and ultimately increase brand affinity.

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Travelex research shows Brits risk £58 million a month in extra charges using

Travelex research shows Brits risk £58 million a month in extra charges using cards abroad

London 4th July 2008: Research launched today by Travelex reveals consumers are still relying on credit and debit cards abroad, last month Brits risked £58 million in extra charges at ATMs and in retail outlets abroad. This is the equivalent of sending 20,000 families of four on a week-long holiday to the Med.

Last year Britons used their cards for overseas transactions totalling £25.2 billion - £18.1 billion on credit and debit card purchases and £7.1 billion on cash taken out of overseas cash machines[1].

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Culane Energy Corp ( CLN )

July 3rd

Culane Develops 55 Million Barrel Oil Prospect

Culane Energy Corp. ("Culane") (TSX VENTURE:CLN) is pleased to announce an operational update for its Killam property located in East Central Alberta. In December, 2004 Culane drilled its first horizontal well into the Lloydminster Formation on one section of land at Killam. Culane's land exposure has grown from one section in 2004 to approximately 23 sections today. Culane maintains a 100% working interest in 22 sections.

Culane has acquired 3 D seismic over its entire Killam land base and has fully delineated two main reservoirs that contain a combined Original Oil in Place of approximately 55 million barrels and Original Gas in place of approximately 6 billion cubic feet as determined by an independent reservoir engineering consulting firm.

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