Dejour and US Oilco Sign LOI for Exploration Joint Venture

Dejour Enterprises Ltd. (NYSE-AMEX: DEJ / TSX: DEJ) announces today that
it has signed a Letter of Intent with a NYSE listed E&P company to
create an exploration Joint Venture (JV) based on certain of Dejour's
Canadian landholdings.

Terms of the initial JV, when finalized, will include an option payment
to Dejour to a maximum of $1mm tied to Dejour′s achievement of specific
objectives in Q1 of 2011. Upon satisfactory achievement of initial
objectives, it is contemplated that the JV will fund land purchases up
to $5mm on a 65/35 basis (US Oilco/ Dejour) to be followed by the
funding and drilling of two horizontal wells (combined $9mm estimate) on
an 80/20 basis (US Oilco/Dejour). As contemplated by the agreement, US
Oilco and Dejour would continue to develop the project on an ongoing
50/50 basis beyond the earning period.

COO Hal Blacker states, 'We are pleased to partner with a US company
that recognizes the exploration potential of our Canadian landholdings
and is committed to covering the majority of early stage development
expenses. Success in the ensuing tests could create another significant
leap in the value of Dejour′s Canadian hydrocarbon reserves and enhance
shareholder value. We expect to complete phase one of the JV program in
2011 with total capital exposure by Dejour estimated to be less than
$3.5mm.'

About Dejour

Dejour Enterprises Ltd. is an independent oil and natural gas company
operating multiple exploration and production projects in North
America′s Piceance Basin (107,000 net acres) and Peace River Arch
regions (15,000 net acres). Dejour′s veteran 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).

Statements Regarding Forward-Looking Information: This news
release contains statements about oil and gas production and operating
activities that may constitute 'forward-looking statements' or
'forward-looking information? within the meaning of applicable
securities legislation as they involve the implied assessment that the
resources described can be profitably produced in the future, based on
certain estimates and assumptions. Forward-looking statements are based
on current expectations, estimates and projections that involve a number
of risks, uncertainties and other factors that could cause actual
results to differ materially from those anticipated by Dejour and
described in the forward-looking statements. These risks, uncertainties
and other factors include, but are not limited to, adverse general
economic conditions, operating hazards, drilling risks, inherent
uncertainties in interpreting engineering and geologic data,
competition, reduced availability of drilling and other well services,
fluctuations in oil and gas prices and prices for drilling and other
well services, government regulation and foreign political risks,
fluctuations in the exchange rate between Canadian and US dollars and
other currencies, as well as other risks commonly associated with the
exploration and development of oil and gas properties. Additional
information on these and other factors, which could affect Dejour′s
operations or financial results, are included in Dejour′s reports on
file with Canadian and United States securities regulatory authorities.
We assume no obligation to update forward-looking statements should
circumstances or management's estimates or opinions change unless
otherwise required under securities law.

The TSX does not accept responsibility for the adequacy or accuracy
of this news release.

Dejour Enterprises Ltd.

Robert L. Hodgkinson, Co-Chairman & CEO

598
? 999 Canada Place,

Vancouver, BC Canada V6C 3E1

Phone:
604-638-5050 Facsimile: 604-638-5051

Email:rhodgkinson@dejour.com

or

Investor
Relations - New York

Craig Allison

Phone: 914-882-0960

Email:
callison@dejour.com