News Release

Turnkey E&P Inc. To Trade On TSX Venture Exchange

December 23, 2008

TURNKEY E&P INC. ("TKY.H")
BULLETIN TYPE: New Listing-Shares, Transfer and New Addition to NEX
BULLETIN DATE: December 23, 2008
NEX Company

Effective at the opening Wednesday, December 24, 2008, the shares of the Company will commence trading on NEX.

The Company has been delisted from trading on Toronto Stock Exchange effective at the close of business on December 23, 2008. The Company no longer meets Toronto Stock Exchange continued listing requirements and also does not meet the requirements of a TSX Venture Tier 2 company.

As of December 24, 2008, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.

The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.

Corporate Jurisdiction: Alberta Business Corporations Act

Capitalization: Unlimited common shares with no par value of which 24,187,910 common shares are issued and outstanding
Escrowed Shares: N/A

Transfer Agent: CIBC Mellon Trust Company (Calgary & Toronto)
Trading Symbol: TKY.H
CUSIP Number: 900420 10 0

Agent's Warrants: N/A

Company Contact: Robert M. Tessari, President and Chief Executive Officer
Company Address: Suite 100, 450 Gears Road, Houston, Texas 77067
Company Phone Number: (281) 248-8800
Company Fax Number: (281) 248-8808
Company Email Address: btessari@turnkeyep.com