Gastem: Matapedia-Cyr Property Sold

Gastem (TSX VENTURE:GMR) is pleased to announce that it has sold the
Matapedia-Cyr permits situated in the Gaspe Peninsula to Petrolia and St-Aubin
Energie S.A.S. Conditions of the cash sale are confidential and the sale does
not include related amounts deposited with the Quebec Ministry of Natural
Resources and also does not include or afffect potential proceedings against the
Town of Ristigouche Sud-Est by Gastem.


Gastem is presently working on two conventional projects in the Maritimes.
Objectives, properties and timing will be made known in due course. All three
Maritime Basins have seen favourable developments and recent exploration results
have been encouraging.


Gastem is an independent oil and gas exploration and development company based
in Montreal. At present, the company holds exploration and storage permits and
rights in the St. Lawrence Lowlands, the Gaspe Peninsula and the Magdalen
Islands in Quebec as well as rights and interests in New York State and
Virginia. Other projects are also being developed. Properties and general
information may be viewed on Gastem's website at www.gastem.ca. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Raymond Savoie
514-875-9034
rs@gastem.ca

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