Profound Energy Inc. (TSX:PFX) ("Profound") announces that Paramount Energy
Trust ("PET") has, by way of notice of extension, extended the expiry date of
PET's offer (the "Offer"), through its wholly-owned indirect subsidiary 1463072
Alberta Ltd., to acquire all of the issued and outstanding common shares of
Profound (the "Profound Shares"), from 8:00 a.m. (Calgary time) on June 1, 2009
to 8:00 a.m. (Calgary time) on June 15, 2009. As at 8:00 a.m. (Calgary time) on
June 1, 2009, approximately 53% of the Profound Shares, including Profound
Shares issuable on the exercise of in-the money stock options, had been tendered
to the Offer.


In a directors' circular mailed to the shareholders of Profound concurrently
with the mailing by PET of the take-over bid circular and Offer, the Board of
Directors of Profound recommends that shareholders tender their Profound Shares
to the Offer. In order to tender their Profound Shares, Profound shareholders
must deposit the certificates representing their Profound Shares along with a
duly executed letter of transmittal and election form to the depositary under
the Offer following the procedures as described in the take-over bid circular
and Offer, the directors' circular and the notice of extension, which have been
filed with Canadian securities regulatory authorities and are available at
www.sedar.com. Shareholders whose Profound Shares are registered in the name of
a nominee should contact their broker, investment dealer, bank, trust company or
other nominee for assistance in depositing their Profound Shares to the Offer.
Shareholders of Profound and other investors are urged to review and consider
the take-over bid circular and Offer, the directors' circular and the notice of
extension and act accordingly. These documents, as well as any amendments and
supplements to them and any other relevant document filed or to be filed with
Canadian securities regulatory authorities contain important information.


Profound Energy Inc. is a junior oil and natural gas company based in Calgary,
Alberta. The Profound Shares are listed on the TSX under the symbol "PFX".
Further information with respect to Profound can be found at its website at
www.profoundenergy.ca.
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