CSM ClearStream Energy Services Inc

CSM Systems Corp. (TSX VENTURE:CKX) ("CSM"). Further to the press release
disseminated on March 5, 2008, CSM is pleased to announce that it has closed a
non-brokered private placement of $235,000 aggregate principal amount of 8.0%
unsecured non-demand convertible debentures (the "Debentures") due and payable
on the third anniversary of the date of issuance of the debentures. The
conversion price of the Debentures shall be $0.28 per common share if converted
in the first year, $0.35 per common share if converted within the second year
and $0.45 per common share if converted within the third and final year of the
term of the Debenture. No new insiders were created, nor did a change of control
occur, as a result of the private placement. The Debentures and the underlying
common shares of CSM issued on conversion shall be subject to a statutory
four-month hold period from the date of Closing (expires September 3, 2008).


Completion of the financing will be subject to normal regulatory approvals,
including approval of the TSX Venture.


Proceeds of the private placement will be used for the continued roll out of
ViCCi units pursuant to the Ivanhoe Cambridge agreement, marketing, product
development and as working capital for general operating activities.

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