Curlew Lake Resource Inc. Signs Oil Project Participation and Joint Operating Ag

Under the terms of a signed Participation and Joint Operating Agreement with Propel Energy Corp. of Calgary; Curlew Lake agreed to pay 30 percent of the cost of drilling and completing the well for production to earn a 25 percent working interest in any subsequent production. Initial production from numerous successful wells of this type in the Minard area has been in the 120 to 150 barrel per day range. With success on this well, we anticipate participating in several more wells of this type with Propel Energy.

Curlew Lake and Propel Energy are also joint venture partners in the Metis project north of Edmonton in Alberta, which has been held up while our operating partner, Metis Moccasin Resources Ltd. negotiates land access issues.

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On Behalf of the Board of Directors

Robert B. Pincombe, President

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