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Dejour Energy Reports Positive Operating Cash Flow And Adjusted EBITDA For Q3 2011

Liquidity and Capital Resources

Cash Balance

The Company had cash and cash equivalents of $512,000 as at September 30, 2011. In addition to the cash balance, the Company has an unused line of credit of $2.7 million from a Canadian Bank.

Bank Line of Credit Financing

In September 2011, the Company obtained a $7 million line of credit from a Canadian Bank to refinance the bridge loan of $4.1 million and to provide operating funds. The line of credit, repayable on demand by the bank, is at an interest rate of Prime + 1% (total 4% p.a. currently). As at September 30, 2011, a total of $4.3 million of this facility was utilized.

About Dejour

Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects in North America’s Piceance Basin (107,000 net acres) and Peace River Arch regions (15,000 net acres). Dejour’s seasoned management team has consistently been among early identifiers of premium energy assets, repeatedly timing investments and transactions to realize their value to shareholders' best advantage. Dejour maintains offices in Denver, USA, Calgary and Vancouver, Canada. The company is publicly traded on the New York Stock Exchange Amex (NYSE AMEX: DEJ) and Toronto Stock Exchange (TSX: DEJ).

Non-GAAP Measures: This news release contains references to non-GAAP measures as follows:

Operating Cash Flow is a non-GAAP measure defined as net cash provided by operating activities before changes in assets and liabilities.

Operating Netback is a non-GAAP measure defined as revenues less royalties and operating and transportation expenses.

Operating Loss is a non-GAAP measure defined as net income (loss) excluding non-cash items that management believes affects the comparability of operating results. These items may include, but are not limited to, unrealized financial instrument gain (loss), impairment losses and impairment reversals, gain (loss) on divestitures, and change in fair value of financial instruments.

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