NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Paris Energy Inc. ("Paris" or the "Company") (TSX VENTURE:PI) is pleased to
announce that it intends to complete a non-brokered private placement of up to
10,000,000 common shares ("Common Shares") at a price of $0.20 per Common Share
for gross proceeds of $2,000,000 to certain directors, officers, employees,
insiders and other qualified purchasers (the "Private Placement Offering"). The
Private Placement Offering is expected to close on or about May 16, 2008 and is
subject to the approval of the TSX Venture Exchange.


The Private Placement Offering allows new directors, officers and employees to
obtain an equity position in the Company. There are currently 9,552,349 Common
Shares of Paris outstanding.


Proceeds from the Private Placement Offering will be used to develop its oil and
natural gas projects, to conduct acquisitions and for general corporate
purposes.


The issuance of Common Shares to directors, officers and insiders pursuant to
the Private Placement Offering will constitute a "related party transaction"
which will be exempt from the valuation and minority shareholder approval
requirements of Multilateral Instrument 61-101 - Protection of Minority Security
Holders in Special Transactions (which rule has been adopted by the TSX Venture
Exchange) on the basis that no securities of the Company are listed or quoted on
the Toronto Stock Exchange, the New York Stock Exchange, the American Stock
Exchange, the NASDAQ Stock Market, or a stock exchange outside of Canada and the
United States, the fair market value of the Common Shares issued to directors,
officers and insiders will not exceed $2.5 million, and independent directors of
the Company have approved the Private Placement Offering.


Humboldt Capital Corporation ("Humboldt") has indicated that it intends to
subscribe for 2,500,000 Common Shares pursuant to the Private Placement Offering
for an aggregate subscription price of $500,000. R.W. Lamond and Humboldt
together own 1,593,979 Common Shares of the Company 16.68%. R.W. Lamond has
options to purchase a further 10,000 Common Shares. R.W. Lamond owns
approximately 67.4% of the outstanding common shares of Humboldt. Assuming the
maximum number of Common Shares are issued pursuant to each of the Private
Placement Offering, R.W. Lamond and Humboldt together will own 4,093,979 Common
Shares of the Company 20.9% and warrants and options exercisable, in aggregate,
for the purchase of an additional 10,000 Common Shares. Three of the directors
of Humboldt and certain officers are also directors and officers of Paris.


The securities of the corporation described herein, have not and will not be
registered under the Securities Act of 1933 of the United States of America, as
amended, or the securities laws of any other jurisdictions outside of Canada.
The Private Placement Offering and the Rights Offering are not being made in any
jurisdiction other than the applicable jurisdictions in Canada (the "Qualified
Jurisdictions") and are not, and under no circumstances are to be construed as,
offerings of any securities for sale in or to a resident of any of the
jurisdictions other than the Qualified Jurisdictions or a solicitation therein
of an offer to buy any securities.


The Company also wishes to announce the appointment of M. Elizabeth M.
Burke-Gaffney, the President of the Company, as Chief Executive Officer.


Forward Looking Statements

Certain statements contained in this press release constitute forward-looking
statements. The use of any of the words "anticipate", "continue", "estimate",
"expect", "may", "will", "project", "should", "believe" and "confident" and
similar expressions are intended to identify forward-looking statements. These
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated
in such forward-looking statements.


Paris believes that the expectations reflected in those forward-looking
statements are reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements included in this
press release should not be unduly relied upon. These statements speak only as
of the date of this press release. Paris undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by
applicable securities laws.


Further information relating to Paris may be found on www.sedar.com.