Arsenal Energy Inc. (TSX:AEI) ("Arsenal" or the "Corporation") announces that it
has made the necessary filings, and received the necessary approvals, to make a
normal course issuer bid through the facilities of the Toronto Stock Exchange
commencing June 20, 2011 and ending June 19, 2012, or on such earlier date as
Arsenal may complete its purchases under the bid.


A total of 8,128,724 common shares may be acquired under the bid, representing
approximately 5 percent of the 162,574,470 common shares outstanding as of June
14, 2011. Pursuant to section 628 of the TSX Company Manual, under the bid
Arsenal is permitted to acquire up to 25 percent of the average daily trading
volume or 105,669 common shares per day. Arsenal will acquire its common shares
at the market price at the time of purchase, with acquired shares being
cancelled.


Under its previous normal course issuer bid from May 31, 2010 to May 30, 2011,
the Corporation purchased 2,859,918 of its common shares representing
approximately 2.1% of the Corporation's outstanding common shares as at May 31,
2010, for an average price of $0.81 per common share. In the opinion of
Arsenal's Board of Directors, Arsenal common shares are, from time to time,
undervalued by the market, and the cost of acquiring the shares is an expense
prudently incurred by Arsenal to increase shareholder value.


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Forward-Looking Information

This press release contains "forward looking information" within the meaning of
applicable securities legislation that is based on expectations, estimates and
projections as of the date of this press release. Examples of such forward
looking information in this press release include, but are not limited to
Arsenal's views regarding the market price of its common shares, its plans to
undertake a normal course issuer bid and the objectives of the normal course
issuer bid. These statements are subject to certain assumptions, risks and
uncertainties including factors relating to the business, financial position,
operations and prospects of Arsenal. Forward looking information involves known
and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Arsenal to be materially different from
any future results, performance or achievements expressed or implied by the
forward looking information in this press release. We have no intention to
update this forward looking information, except as required by applicable
securities law. This forward looking information should not be relied upon as
representing our views as of any date subsequent to the date of this press
release.