ThreeD Capital Inc. (IDKFF)

[Tommy]

Brownstone Energy Partners Secure Drill Contractor For Gabriella License In Offshore Israel

http://brownstoneenergy.com/news/index.php?&content_id=266

Toronto, Ontario (June 13, 2012) - Brownstone Energy Inc. (TSXV: BWN; OTCQX: BWSOF) (“Brownstone” or the “Company”) today announced that Noble International Ltd. has accepted a letter of award (LOA), which will enable Modiin Energy LP to execute a detailed drilling contract on behalf of the Gabriella consortium partners, including Adira Energy Ltd. (“Adira”) and Brownstone.

Brownstone also announces that Adira has signed a memorandum of understanding with Modiin Energy authorizing Modiin Energy to enter into a drilling contract with Noble Drilling and/or any of its affiliates on behalf of the working interest parties to drill the Gabriella licence prior to the revised spud date, June 30, 2013.

Brownstone Energy holds a 15% working interest in the Gabriella license.