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Press release from Marketwire

Fairborne Energy Closes Strategic Land and Facilities Acquisition

Thursday, September 09, 2010

Fairborne Energy Closes Strategic Land and Facilities Acquisition16:30 EDT Thursday, September 09, 2010 CALGARY, ALBERTA--(Marketwire - Sept. 9, 2010) - Fairborne Energy Ltd. ("Fairborne" or the "Company") (TSX:FEL) is pleased to announce that it has closed its previously announced acquisition in the Company's core Marlboro/Pine Creek area. The acquisition has an effective date of July 1, 2010 and a purchase price of approximately $71.5 million, subject to closing adjustments. FOR FURTHER INFORMATION PLEASE CONTACT: Fairborne Energy Ltd. Steven R. VanSickle President and Chief Executive Officer 403-290-7759 403-290-7724(FAX) or Fairborne Energy Ltd. Aaron G. Grandberg Chief Financial Officer 403-290-3217 403-290-7724(FAX)