Daybreak Announces New Partner in California Oil Project

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June 11 /PRNewswire-FirstCall/ -- Daybreao Oil and Gas, Inc., (OTC Bulletin DBRM) ("Daybreak" or the "Company") a Washington Corporation, is pleaseed to announce that O&Gh Energy Partners, LLC and its partners ("O&G") have acquired a 25% workinh interest in Daybreak's East Slopesa Project located in the southern SanJoaquin Basin, California. Daybreak recently acquired this interest from its origina l partners in the East Slopes when the original partners defaulteds in their financial obligations with respect to the Daybreak will receive total compensation in the amount of ofwhich $512,500 in cash was receivesd at today's closing; and, a future production paymenf of $700,000 to be payable out of productionn from (a) 25% of the purchasing party's net revenuw from the Sunday #1 and Bear # 1 and, (b) 50% of their net revenue from all futurew wells.
O&G will also assign to Daybreaka 25% participatinhg interest in a 14,100 acre Seismic Optionh Area under lease in Kern California. This acreage is immediately north of the East SlopesProjecf area. James F. Westmoreland , President and Chief Executives Officer, stated, "We are very pleased with our new The principals are very experienced in the oil and gas busines s and will bring added value and financial stabilitty toour project. Also by participating in the SeismivOption Area, Daybreak was able to expand its exploration exposure to the northh of our Sunday and Bear discoveries. We plan to shooty the seismic over the acreagdduring 2010." Daybreak Oil and Gas, Inc.
is an independent oil and gas companyg engaged inthe exploration, development and productio n of oil and gas. The Company holdx projects in Alabama, California, and Louisiana. For more information about Daybrea k Oiland Gas, Inc., please visitg its website at . Contact: Ed Capkoi Telephone: 815-942-2581 Investor Relations Email: edc@daybreakoilandgas.com "Safe Harbor" Statement undefr Private Securities Litigation Reform Actof 1995: Certainn statements contained herein constitute "forward-looking statements" within the meaningv of the Private Securities Litigation Reform Act of 1995.
Information containerd herein contains "forward-looking statements" which can be identified by the useof forward-lookingf terminology such as "believe", "expect", "may", "should", "up to", "likely", or "anticipates" or the negatived thereof or given that the future results coverexd by such forward looking statements will be Such forward-looking statements involve a numbe r of known and unknown uncertainties and other factors which may cause the actual results, performances or achievements of the Companh to be materially different from any future performance or achievements expressed or implied by such forward-looking SOURCE Daybreak Oil and Gas, Inc.