The Company may pay finders'fees in accordance with the TSX Venture Exchange policy in respect of allor a

The Company may pay finders'fees in accordance with the TSX Venture Exchange policy in respect of allor a portion of the funds raised pursuant to this private placement.The Sylvan Lake acquisition is aligned with Hemisphere Energy's overallstrategy of focusing on developing and purchasing areas with multi-zonepotential that provide medium to low risk drilling opportunities thatwill increase the Company's production, reserves and cash flow.The Company's management and board view the market conditions asproviding an excellent opportunity to aggressively pursue value-addedacquisitions. We donot assume responsibility for the accuracy or completeness of anyforward-looking statement and you should not rely on forward-lookingstatements as predictions of future events. We are under no duty toupdate any of these forward-looking statements to conform them to actualresults or revised expectations.Copyright 2009, Market Wire, All rights reserved.-0-. NEW YORK--(Business Wire)--RELEVANT FACTOn May 25, 2009, the Board of Directors of the Company resolved to convene theAnnual General Shareholders` Meeting, to be held in Madrid, at the registeredoffices located at calle Ribera del Loira no 60, on June 30, 2009, at 12:00a.m in single call, in accordance with the following AGENDAONE.

Examination and approval, as the case may be, of the ENDESA, S.A.individual annual financial statements (balance sheet, income statement,statement of changes to net worth, cash flow statement and annual report) andthe consolidated annual financial statements of ENDESA, S.A. and DEPENDENTCOMPANIES (balance sheet, income statement, statement of recognized income andexpenses, cash flow statement and annual report) for the fiscal year endingDecember 31, 2008 TWO. Examination and approval, as the case may be, of the individual managementreport of ENDESA S.A and the consolidated management report of ENDESA, S.A. andDEPENDENT COMPANIES for the fiscal year ending December 31, 2008 THREE. Examination and approval, as the case may be, of the corporate managementfor the fiscal year ending December 31, 2008 FOUR.

Examination and approval, as the case may be, of the application of fiscalyear earnings and dividend distribution for the fiscal year ending December 31,2008 FIVE. Appointment of the Auditor for the Company and its Consolidated Group SIX. Authorization for the Company and its subsidiaries to be able to acquiretreasury stock in accordance with the provisions of article 75 and additionalprovision one of the Spanish Corporations Law ("Ley de Sociedades Anónimas") SEVEN. Establishment of the number of members of the Board of Directors.Ratifications, appointments, renewals or re-election of Directors EIGHT. Authorization to the Board of Directors for the execution andimplementation of the resolutions adopted by the General Meeting, as well as tosubstitute the authorities it receives from the General Meeting, and granting ofauthorities for processing the said resolutions as a public instrument,registration thereof and, as the case may be, correction thereof.

Madrid, May 25, 2009International Endesa Copyright Business Wire 2009. NEW YORK, May 26 (Reuters) - The 510-megawatt Unit 2 and739 MW Unit 6 at Dynegy Inc's (DYN.N) Moss Landingnatural-gas-fired power station in California returned toservice by Monday afternoon, the California ISO said in areport. Stocks  |  France Unit 2 shut by May 10 and Unit 6 shut by May 21, both forunplanned reasons. The 2,498 MW Moss Landing station is located near Salinas,in Monterey County, about 90 miles south of San Francisco. There are several units at the station, including the two510 MW combined-cycle units 1 and 2 (which entered service in2002), and two 739 MW units, 6 (1967) and 7 (1968). Each of the510 MW combined cycle units is made up of two 165 MW gasturbines and one 180 MW steam turbine All of the other units were available for service One MW powers about 700 homes in California.

Dynegy, of Houston, owns and operates more than 18,000 MWof generating capacity and markets energy commodities in theUnited States. (Reporting by Scott DiSavino; Editing by Walter Bagley) Stocks France. Critical Alerts for PBR, USB, EMC, NVDA, and OXPS Released by Seven SummitsResearchCHICAGO, May 26 /PRNewswire/ -- Seven Summits Research issues PriceWatchAlerts for key stocks. Seven Summits Strategic Investments' PriceWatch Alerts are available at http:// (Note: You may have to copy this link intoyour browser then press the [ENTER] key.)Today's PriceWatch Alerts cover the following stocks: Petroleo Brasileiro(NYSE: PBR), US Bancorp (NYSE: USB), EMC Corporation (NYSE: EMC), NVIDIACorporation (Nasdaq: NVDA), and optionsXpress Holdings, Inc. (Nasdaq: OXPS).In today's unsure markets these brief PriceWatch Alerts contain concisedetailed strategies for each covered stock and include position protectiontactics designed to potentially defend investors from unexpected marketshifts. While other market reports only provide stock news and opinion, weoffer strategies that position investments against uncertainty and increasechances of making a profit, even if a stock goes down."Our PriceWatch Alerts go beyond other market reports. Along with a briefconcise overview, each PriceWatch Alert provides useful strategies, whichensure potential investments are protected with basic hedging techniques,"says Reid Stratton, Seven Summits Senior Analyst.