SLV

CALGARY, Oct. 13 /CNW/ -- SLV tsxventure CALGARY, Oct. 13 /CNW/ - Stealth Ventures Ltd. ("Stealth" and/or the "Company") [TSX.V: SLV] announces effective the beginning of the fourth quarter the Company has increased it production base by bringing on previously shut-in wells on its shale gas play near Vermilion Alberta where the existing production profile as been steady around 300 BOE/D for most of the year. Stealth has positioned itself to resume this production, as historically the winter months' demand increases natural gas prices.  The less than favorable gas prices throughout the summer months forced the Company to shut-in some production to optimize value. The Company would also like to announce that effective October 8(th), 2010 Ms. Lori Bobye-Magnusson has stepped down as the Company's Chief Financial Officer (CFO). Stealth is evaluating numerous options during the interim, while transitioning into the international oil and gas arena for a suitable replacement for Ms. Magnusson. OUTLOOK The Company continues to aggressively execute on its primary strategy of growing its presence in the international oil and gas sector. An immediate focus was placed on India and by leveraging the Company's core competency and analyzing and developing high impact unconventional oil and gas resource plays in India, Stealth is in advanced stages of negotiation with various companies for acquiring and building up a land position in India's unconventional resource sector. With its sustained focus of diversifying out of the North American gas markets and entering into the emerging international marketplaces, the Company is drawing on its extensive unconventional resource-play experience, expertise and technology, to favorably position itself in the early lifecycle of such resource development with the ultimate objective of adding shareholder value and growth. Stealth Ventures Ltd. is a Calgary based junior oil and gas exploration and Development Company focused on the exploration for, acquisition, development and production of unconventional hydrocarbon reserves, derived primarily from shale, Coalbed Methane (CBM) and tight sand reservoirs. STEALTH VENTURES LTD. "Derek Krivak" Per: DEREK KRIVAK Chief Executive Officer Forward Looking Statements: This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.  Disclosure provided herein in respect of BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. %SEDAR: 00008195E To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/October2010/14/c2476.html p/p tabletr valign="top"td align="left"Derek Krivak, CEObr/ Stealth Ventures Ltd.br/ Tel.: 403-514-9998br/ Fax: 403-514-9995br/ Emails: a href="mailto:investorrelations@stealthventures.ca"investorrelations@stealthventures.ca/a/td td align="left"   Subra Subramaniam, Chairman & Managing Directorbr/    Stealth Ventures Ltd.br/    Tel: 403-514-9998br/    Fax: 403-514-9995/td/tr/table

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