Universal Energy Group Increases Penetration in Key Retail Energy Markets Through Acquisition

Universal Energy Group Ltd. ("Universal Energy Group") (TSX:UEG) is pleased to
announce the acquisition of the residential and commercial customer contracts of
Wholesale Energy Group ULC ("WEG") in the British Columbia natural gas market
and the Ontario natural gas and electricity markets. The acquisition was
completed following receipt of all regulatory and utility approvals.


Through this acquisition Universal Energy Group's retail energy business,
Universal Energy Corporation ("UEC"), has acquired approximately 22,000 RCEs on
fixed term contracts. The average remaining life on the contract is 48 months.
The total purchase price paid for the customer contracts is $2.5 million.


Mark Silver, CEO of UEC remarked "The acquisition of the WEG customer base is
consistent with our strategy to deliver growth out of our existing markets. The
customer acquisition costs are inline with our organic customer acquisition
costs and the transaction will be immediately accretive to our financial
results. We remain well positioned to capitalize on future opportunities of this
nature."


Universal Energy Group's common shares are listed on the Toronto Stock Exchange
under the symbol "UEG". Universal Energy Group through its subsidiary Universal
Energy Corporation, sells electricity and natural gas in Ontario and natural gas
in British Columbia to residential, small to mid-size commercial and small
industrial customers. Universal Energy Group through its subsidiary Universal
Gas & Electric Corporation, sells natural gas in Michigan to residential, small
to mid-size commercial and small industrial customers. Universal Energy Group
through its subsidiary National Energy Corporation, operating under the trade
name National Home Services, sells long-term water heater rental programs to
Ontario residential customers. Universal Energy Group through its subsidiary
Terra Grain Fuels Inc. operates an ethanol facility near Belle Plaine,
Saskatchewan. Additional information about Universal Energy Group is available
on SEDAR (www.sedar.com).

Universal Energy (Tier2) (TSXV:UEC)
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