On June 3, 2009, it was announced that Grey Wolf and Insignia Energy Ltd. entered into an arrangement agreement providing for the combination of Insignia and Grey Wolf through the acquisition by Insignia of all of the outstanding common shares of Grey Wolf in exchange for the issuance of 0.34 of a common share of Insignia for each outstanding Grey Wolf Share.

On July 23, 2009, Shareholders and the Court of Queen's Bench of Alberta approved the business combination. On July 24, 2009, the business combination was completed.

For further information, visit Insignia Energy Ltd's website located at: www.insigniaenergy.ca