Ceres Capital Corp. (the "Company" or "Ceres") (TSX VENTURE:SRS) is pleased to
announce the results of its first two wells drilled by its subsidiary company
Reliable Energy Ltd. The wells were drilled into the Bakken formation in one of
its core areas in southwest Manitoba.


The Company is preparing to put on production its first well after testing
economic quantities of oil from the Bakken sandstone. The well was drilled to a
total depth of 879 metres and testing indicates production rates should be
similar to that of the nearby Sinclair and Koala fields where initial rates are
between 50 and 100 barrels of light sweet oil per day. The success of this well
validates the Company's Bakken play concept and establishes a new Bakken fairway
while setting up another eight to ten development locations on offsetting lands
controlled by the Company for drilling later this summer.


The second well, located in a different area of the Bakken Formation, has been
drilled and cased and is awaiting completion and testing. The Company is also
working on approvals necessary to drill another two wells in
Saskatchewan/Manitoba region prior to spring break-up, weather permitting, while
a seismic survey is being planned to further delineate the development drilling
program around the discovery well.


"This is a very exciting time for Ceres and I'm pleased that one of our first
two wells has already proven to be economic" said Paul Moller, President and
CEO. "Based on this success, we are now planning an extensive drilling program
for the balance of 2009."




The Company has land holdings consisting of:

Saskatchewan/Manitoba            45,429 (Gross) acres    27,411 (Net) acres
Alberta                          26,055 (Gross) acres    15,337 (Net) acres
Saskatchewan/Manitoba Farm-in    45,440 acres



About Ceres and Reliable

Ceres is an Alberta based public company listed on the TSX Venture Exchange and
conducts its operations through Reliable Energy Ltd, a wholly owned subsidiary.
The Company is currently focused on two core areas in the Western Canadian
Sedimentary Basin. The first core area consists of an unconventional resource
play in the Bakken/Three Forks formation situated on the Saskatchewan - Manitoba
border. The second is a Devonian reef play in central Alberta.



ON BEHALF OF THE BOARD OF

Ceres Capital Corp.

Paul Moller, President & CEO
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