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July 7, 2010
Avere Awarded Four Oil And Gas Exploration Blocks In Romanian Government Bid Round

(Calgary, Canada) - Avere Energy Inc. (“Avere” or the “Company”) (TSX-V: AVO.H) is pleased to announce it was successful bidder for four exploration Blocks offered in Romania’s 10th Exploration Bid Round.  The awarded prospective Blocks, covering a total of approximately 1 million acres, lie onshore in western Romania within the prolific Pannonian Basin where more than 40 oil and gas fields have been found. 
 
The Pannonian Basin in Romania has been the site of extensive successful oil and gas exploration.  The Company expects that the application of modern exploration technologies, including the acquisition of state-of-the-art seismic data, will provide a better understanding of the remaining hydrocarbon potential on the blocks.  Extensive work programs are planned for each Block, including the acquisition of 2D and 3D seismic data.  The Company expects to identify multiple prospective areas for further study and drilling.  There are multiple proven oil and gas accumulations within the vicinity of the awarded Blocks.
 
Unconventional hydrocarbon resource plays have also been recognized on the acreage and future Company work plans will include an extensive study and evaluation of these potentially large, untapped resources.  
 
The Company will soon enter into negotiations with the National Agency for Minerals and Resources (“NAMR”) to discuss and finalise the terms of the exploration agreements. The final agreements will have staged work commitments and a royalty obligation.
 
Commenting on the above, Greg Renwick, President and CEO of Avere Energy Inc. noted, "We are very pleased to have been the successful bidder for four exploration blocks onshore Romania.  This represents an important milestone for the Company and we look forward to establishing a long-term upstream presence in Romania"
 
 
CONTACT
 
Greg Renwick, President & CEO
telephone: +1-972-955-7251
fax: +1-604-683-1585
website: www.avereenergy.com  

Nick DeMare, Director
telephone: +1-604-685-9316
fax: +1-604-683-1585   
 
ABOUT AVERE ENERGY INC.
Avere Energy Inc. trades on the TSX Venture Exchange under the symbol AVO.H-V.

Avere is an emerging exploration and production company focused on conventional and unconventional oil and gas resources such as oil and gas shales, coalbed methane and tight sandstone reservoirs.  It is actively pursuing exploration and production opportunities in North America and Europe.  The Company intends to leverage new technologies, especially in the area of unconventional hydrocarbons, with an innovative approach to prospect identification and characterization.

Forward Looking Statements: This Company’s news “forward looking” statements and information relating to the Company that are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate, environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.