ARAPAHOE ENERGY CORPORATION
TSX VENTURE : AAO

ARAPAHOE ENERGY CORPORATION

May 31, 2006 16:39 ET

Arapahoe Energy Corporation and Brisco Capital Partners Corp. Terminate Investor Relations' Agreement

CALGARY, ALBERTA--(CCNMatthews - May 31, 2006) -

Jeffrey L. Standen reports,

Arapahoe Energy Corporation, (TSX VENTURE:AAO) ("the "Corporation" or "Arapahoe") and Brisco Capital Partners Corp. ("Brisco") have agreed to terminate their investor relations' agreement, effective April 13, 2006.

Arapahoe is a junior oil and gas exploration company engaged in the exploration, development and production of oil and natural gas in Western Canada. Arapahoe's primary areas of exploration focus are the Alberta Foothills, specifically on the Tsuu T'ina First Nation (Sarcee Area) immediately west of the City of Calgary and in western Saskatchewan on Poundmaker Cree Nation lands.






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