Rolling Thunder Exploration Ltd (fka RTHXF)

[piranhas2]

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San Telmo Energy Corporate Update
Monday, June 14, 2004


VANCOUVER, B.C., June 14, 2004 - San Telmo Energy Ltd. (OTCBB: STUOF; TSX-V: STU) is pleased to announce that it has completed a non-brokered private placement announced on May 17, 2004 in the amount of 1,620,000 shares at a price of Cdn. $0.70 and 1,620,000 share purchase warrants, exercisable up to June 11, 2006 at a price of Cdn. $0.82 per share. The shares are subject to a hold period which expires on October 12, 2004. Of the shares, 330,000 shares have flow through features.

FOR FURTHER INFORMATION
Corporate Communications
[phone]
[e-mail], or the company website at www.santelmoenergy.com