PRESS
RELEASE
DEJOUR
ENTERPRISES
LTD.: TSX-V:
“DJE”/OTC BB:”DJEEF”
FOR RELEASE:
May 14, 2007
Vancouver,
British Columbia, Canada, May 14, 2007 – Dejour Enterprises Ltd. (“Dejour”)
(TSX-V: “DJE”) Robert
L. Hodgkinson, Chairman & CEO is very pleased to announce that Titan Uranium Inc. (TSX-V:TUE)
drilling is scheduled to commence on or
about May 17, 2007 on the Carlson Creek project located 20 km along trend of
Cameco’s McArthur River mine, the world’s largest and highest grade uranium
producer.
The Carlson Creek project area is located in the east
The drill targets on the Carlson Creek property are EM
conductors defined by a 2006 airborne VTEM survey. These basement
electromagnetic anomalies do not appear to have been detected by previous lower-powered
geophysical surveys. Importantly, the
Initially 2000 metres of drilling
is planned where at least three drill holes will test the EM conductor
axis/structure intersections. The depth to the unconformity is estimated at 420
metres.
J. Allan McNutt, P.Geo., M.A, Sc. is the qualified person for this project.
Titan is a
well-capitalized Saskatchewan-based uranium explorer with a very dominant
property portfolio in the southwest portion of the
In
addition to becoming a major shareholder in Titan, Dejour will be the
beneficiary of a 1% NSR and a retained 10% working interest in each property it
is contributing to Titan to the point of a completed bankable feasibility
study. Carlson Creek is one of such contributed
properties.
About Dejour
Dejour Enterprises Ltd. is a micro cap Canadian company
focused on oil & gas exploration and production with a significant
investment in uranium discovery. The company acquires high-impact energy assets
and strategically monetizes them through partnerships and co-ventures to limit exposure and enhance returns.
Dejour has
significant holdings in three of the world's premiere energy resource regions.
This includes 288,000 gross (60,000 net) acres in the Piceance and Uinta
Basins, a vast natural gas play in North America; and a major interest in Titan
Uranium Inc. (TSX-V: TUE), with 1.44 million acres in the Athabasca and Thelon
Basins, the world's most recognized areas for uranium exploration. Finally, the
company is pursuing high impact natural gas opportunities in
The Company is listed on the TSX
Venture Exchange (DJE.V), OTCBB (DJEEF), and Frankfurt (D5R). Dejour
is a reporting issuer to the SEC. Refer
to www.dejour.com
for company details or contact the Office of Investor Relations at investor@dejour.com
The TSX
Venture Exchange does not accept responsibility for the adequacy or accuracy of
this news release.
Statements in this release that are forward-looking statements are subject
to various risks and uncertainties concerning the specific factors disclosed
under the heading “Risk Factors” and elsewhere in the Corporations’ periodic
filings with Canadian securities regulators. Such information contained herein
represents management’s best judgment as of the date hereof based on
information currently available. The corporation does not assume the obligation
to update any forward-looking statement.
Robert L. Hodgkinson, Chairman & CEO
DEJOUR ENTERPRISES LTD.
Phone: 604.638.5050 Facsimile:
604.638.5051 Email:
investor@dejour.com