CALGARY, ALBERTA–(Marketwire – Aug. 12, 2010) – Chinook Energy Inc. (“Chinook” or the “Company”) (TSX:CKE) is pleased to announce its financial and operating results for the three and six months ended June 30, 2010.

On June 29, 2010, pursuant to a plan of arrangement, we (Storm Ventures International Inc. (SVI)) acquired all of the outstanding securities of Iteration Energy Ltd. (Iteration) and amalgamated with Iteration to form Chinook Energy Inc. (Chinook).