Yonge Street announces completion of reverse take-over

Canadian firm Yonge Street Capital Corp. announced Monday it has completed its previously announced reverse take-over of Endeavour Energy (Bengkulu) Pty Ltd (EEB), a private Australian company exploring for oil and gas in Sumatra, Indonesia, and related $2,002,000 private placement financing.

The Company has called a special shareholders meeting for November 25, 2009 at which it will seek approval to change its corporate name to "Ecosse Energy Corp." In contemplation of this change, the Company has registered the business name "Ecosse Energy" as a trade name.

Immediately prior to the completion of the transaction, the common shares of the Company were voluntarily delisted from the NEX Board of the TSX Venture Exchange and will commence trading on the Canadian National Stock Exchange at the opening today under the trading symbol "ECS". Following the completion of the transaction, the Company has 44,279,686 common shares issued and outstanding and 49,382,561 shares outstanding on a fully diluted basis.

EEB is the holder of a 100% Working Interest in the Bengkulu PSC, covering a highly prospective onshore and offshore area of approximately 1,013,602 acres or 4,102 sq. km. located in the Bengkulu Province in South West Sumatra, Indonesia. The Bengkulu PSC is for 30 years until October 5, 2035.

EEB has identified two prospects and one lead onshore as well as sixteen prospects and leads offshore for further exploration in the Bengkulu PSC.

Proceeds from the private placement are to be used to perform geological and geophysical work to finalise onshore well locations; to pay for fees and expenses related to the RTO, financing and CNSX listing; and to further define and estimate offshore potential resources, as well as to fund general working capital.(alex)