Paris Energy Inc. (TSX VENTURE:PI) ("Paris" ) is pleased to announce that it
intends to complete a non-brokered private placement of 2,668,000 common shares
of Paris (the "Common Shares") as a price of $0.075 per share for a total
consideration of $200,100 (the "Private Placement"), subject to receipt of all
applicable regulatory approvals.


Lamond Investments Ltd ("Investments") and Humboldt Capital Corp. ("Humboldt")
have each agreed  to subscribe for 1,334,000 Common Shares pursuant to the
Private Placement. Robert W. Lamond ("Lamond") owns 100% of Investments and
70.6% of the outstanding shares of Humboldt. Lamond holds 225,284 Common Shares
and Humboldt holds 1,817,451 Common Shares, or an aggregate of 21.4% of the
issued and outstanding Common Shares, and a $330,000 principal amount
convertible secured debenture due on October 7, 2011 (the "Debenture") which is
convertible into 5.5 million additional Common Shares. Following completion of
the Private Placement, Lamond and Humboldt will hold approximately 39% of the
issued and outstanding Common Shares, (58% assuming the full conversion of the
Debenture). 


Neither Paris nor Humboldt has knowledge of any material information concerning
Paris or its securities that has not been generally disclosed.


The Common Shares issued pursuant to the Private Placement will be subject to a
hold period of four months and one day from the closing date as well as other
restrictions with respect to sales from control positions.


The proceeds of the Private Placement will be used by Paris for the repayment of
certain outstanding debt obligations.


Paris anticipates closing the private placement on or about May 16 , 2011.

FORWARD-LOOKING STATEMENTS

Certain information and statements contained in this press release constitute
forward-looking information, including, without limitation, expectations
regarding the completion of the private placement and the timing thereof,
receipt of regulatory approval, the intention of Humboldt to subscribe for
Common Shares, Humboldt's ownership of Common Shares and the use of proceeds.
These forward-looking statements are based upon the opinions, expectations and
estimates of management as at the date the statements are made. These
forward-looking statements are subject to a variety of risks and uncertainties
and other factors that could cause actual events or outcomes to differ
materially from those anticipated or implied by such forward-looking statements.
Such factors include, but are not limited to, the inability to complete the
private placement or to obtain the required regulatory approval. Readers are
cautioned that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on forward-looking
statements. Paris's actual results, performance or achievement could differ
materially from those expressed in, or implied by, these forward-looking
statements, or if any of them do so, what benefits that Paris will derive
therefrom. Paris disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.