CONCORD, ONTARIO--(Marketwire - Sept. 18, 2009) - Epsilon Energy Ltd. ("Epsilon" or the "Corporation") (TSX:EPS) announced today that has entered into an agreement with a third party to sell 3,734 net leasehold acres (the "acreage") for $12,695,600, or $3,400 per net leasehold acre. The non-core acreage is located within Lycoming, Sullivan and Columbia counties in eastern Pennsylvania. Closing of this transaction is expected to occur on or before October 16, 2009.

Zoran Arandjelovic, Epsilon's Executive Chairman, President and CEO, stated "We are very pleased to have monetized our non-core acreage, which will afford us the opportunity to accelerate the development of our two core Marcellus shale projects; Highway 706 in Pennsylvania and Park Place in New York."

Epsilon Energy Ltd. is engaged in the