Eurogas Corp., Annual General Meeting, Jun 14, 2010 Location: Toronto, Ontario, Canada.

Eurogas Corp. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $756,379 or $0.00 per diluted share on revenue of $1,178,698 compared to net loss of $1,563,945 or $0.01 per diluted share on revenue of $2,364,485 in the previous year period. Income from operations was $863,800 compared to $1,826,897 in the previous year period. Net cash used in operating activities was $2,193,385 compared to cash provided operating activities of $160,225 in the previous year period. For the nine months, the company reported net loss of $2,236,764 or $0.01 per diluted share on revenue of $3,812,086 compared to net loss of $3,166,676 or $0.02 per diluted share on revenue of $2,251,896 in the previous year period. Income from operations was $2,467,461 compared to $1,271,689 in the previous year period. Net cash used in operating activities was $2,619,097 compared to $3,403,015 in the previous year period.

Eurogas Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of CAD 901,117 or CAD 0.01 per basic and diluted share compared to net loss CAD 1,703,651 or CAD 0.01 per basic and diluted share for the same period a year ago. Net loss before non-controlling interest was CAD 967,850 compared to CAD 1,412,773 for the same period a year ago. Loss from operations was CAD 1,011,677 compared to income of CAD 677,536 for the same period a year ago. Revenue was CAD 494,463 against CAD 282,481 a year ago. Cash flows from operating activities was CAD 445,270 compared to cash flows used in operating activities of CAD 551,213 for the same period a year ago. Investment in property, plant and equipment was CAD 1,983,178 compared to CAD 328,974 for the same period a year ago. For the six months, the company reported net loss of CAD 1,480,385 or CAD 0.01 per basic and diluted share compared to net loss CAD 1,602,731 or CAD 0.01 per basic and diluted share for the same period a year ago. Net loss before non-controlling interest was CAD 1,579,185 compared to CAD 1,549,126 for the same period a year ago. Loss from operations was CAD 1,603,661 compared to income of CAD 555,208 for the same period a year ago. Revenue was CAD 1,029,727 against CAD 442,619 a year ago. Cash flows used in operating activities was CAD 425,712 compared to cash flows used in operating activities of CAD 3,563,240 for the same period a year ago. Investment in property, plant and equipment was CAD 2,074,521 compared to CAD 2,542,539 for the same period a year ago.