RE: Black SandsFrom July, 07 PR
July 18, 2007 Trading Symbol: REV
OIL SANDS TECHNOLOGY
Regent Ventures Ltd. ("Regent") is pleased to announce that it is working with United Energy Corp. ("United Energy") of Secaucus, New Jersey, to develop a new chemical process for the separation of hydrocarbons from the sand found in tar and oil sands deposits. The process is at the lab testing stage and all tests to date have been successful in achieving the desired separation of the oil in the samples used from the sand. The chemicals employed in the process are, like all of United Energy's products, environmentally friendly, while the process itself consumes low levels of energy. Upon completion of the lab testing, Regent and United Energy plan an on-site pilot program in Canada, further particulars of which will be announced in due course.
Regent has had a business relationship with United Energy since signing a Distribution Agreement in May 1, 2001. Pursuant to the Distribution Agreement, Regent has been granted a non-exclusive worldwide right to market and distribute the products produced by United Energy. The process currently under development is to be exclusively for Regent. Regent is also examining possible uses of United Energy's products in connection with its oil interests in Poland.
About United Energy
United Energy is a group of scientists and businessmen focused on creating revolutionary solutions for the oil and gas industry. These entrepreneurial minded men have pooled their ingenuity to develop products and services that transform the way businesses solve industrial problems. In addition, United Energy is committed to creating safe products in order to protect the environment, improve worker safety and increase its customers' profit. To learn more about United Energy and its products and services please go to their website at www.unitedenergycorp.net.
REGENT VENTURES LTD.
Per: "Rick Wilson"
Richard Wilson, President