EI Eurogas International Inc

Eurogas International Inc. ("EII" or the "Company") (CNSX:EI) announced today
that Eurogas Corporation, the holder of 32.15 million Series A Preference Shares
("Preferred Shares") of EII, has approved a request by EII to defer entitlement
to payment of the cumulative 4% cash dividends payable on the Preferred Shares
and entitlement to receive payment once such dividends are declared, until
December 31, 2011.


EII may, at or before the time of payment, and subject to regulatory approval
request that Eurogas reinvest such cash in common shares of EII.


Eurogas International is an independent oil and gas exploration company listed
on the Canadian National Stock Exchange under the symbol EI.


For more information please see the Company website at
www.eurogasinternational.com, or please visit the Listings Disclosure Hall at
www.cnsx.ca.


Certain information set forth in this document, including management's
assessment of each of the Corporation's future plans and operations, contains
forward-looking statements. By their nature, forward-looking statements are
subject to numerous risks and uncertainties, some of which are beyond the
Corporation's control, including the impact of general economic conditions,
industry conditions, volatility of commodity prices, currency fluctuations,
imprecision of reserve estimates, environmental risks, competition from other
industry participants, the lack of availability of qualified personnel or
management, stock market volatility and ability to access sufficient capital
from internal and external sources. Readers are cautioned that the assumptions
used in the preparation of such information, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. The Corporation's actual
results, performance or achievement could differ materially from those expressed
in, or implied by, these forward-looking statements and, accordingly, no
assurance can be given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what benefits the
Corporation will derive from them. The Corporation disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

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