VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2011) - Opal Energy Corp. ("Opal") (News - Market indicators) announces that it is seeking shareholder approval for a proposed consolidation of its issued share capital on the basis of one (1) new common share without par value for up to fifty (50) existing common shares without par value, or such lower ratio as the board of directors may determine. Opal currently has 313,123,113 common shares issued and outstanding. If Opal effects the maximum authorized ratio of fifty (50) existing common shares without par value for one (1) new common share without par value, a total of approximately 6,262,462 common shares would be issued and outstanding following the consolidation, assuming no other change in the issued share capital. Opal will not be implementing a name change.

Management of Opal believes that a significant share capital consolidation is essential to Opal's future capital raising efforts and long term viability. Opal will be seeking shareholder approval of its proposed consolidation of common shares at its annual general and special meeting being held on May 20, 2011.

The completion of the proposed share consolidation is subject to TSX Venture Exchange and shareholder approvals.

Opal Energy Corp.

Opal Energy Corp. is an independent oil and gas exploration and production company based in Vancouver, B.C.

On behalf of the Board of Directors
Opal Energy Corp.
Michael Curtis
President and CEO

This release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future events or developments that Opal expects are forward-looking statements. Although Opal believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Opal does not assume a duty to update these forward-looking statements. For more information on Opal, Investors should review Opal's filings that are available at www.sedar.com.