News

Universal Energy Group Announces Quarterly Dividend

TORONTO, ONTARIO--(Marketwire - Feb. 12, 2009) - Universal Energy Group Ltd. (the
"Company") (TSX:UEG) is pleased to announce that its Board of Directors has declared its
regular quarterly dividend payment of $0.1875 per common share which will be paid on March 31, 2009
to shareholders of record on March 17, 2009. This dividend is designated as an "eligible
dividend" for Canadian income tax purposes. While the Board of Directors currently expects to
declare dividends quarterly and has determined that this level of dividend is appropriate based on
the Company's current financial performance, liquidity and outlook, the declaration and payment of
future dividends is subject to the discretion of the Board of Directors after considering the
Company's financial results and condition, and other factors it determines to be relevant at the
time.

Universal Energy Group's common shares and convertible subordinated debentures are listed on the
Toronto Stock Exchange under the symbol "UEG" and "UEG.DB", respectively.
Universal Energy Group sells natural gas and electricity to residential, small to mid-size
commercial and small industrial customers in Canada and the United States, sells long-term water
heater rental programs to Ontario residential customers and operates an ethanol manufacturing
facility in Belle Plaine, Saskatchewan. Additional information about Universal Energy Group is
available on SEDAR (www.sedar.com).