ARAPAHOE ENERGY CORPORATION
TSX VENTURE : AAO

ARAPAHOE ENERGY CORPORATION

January 04, 2008 10:12 ET

Arapahoe Energy Corporation: Name Change to Canadian Phoenix Resources Corp.

CALGARY, ALBERTA--(Marketwire - Jan. 4, 2008) - ARAPAHOE ENERGY CORPORATION ("Arapahoe") (TSX VENTURE:AAO) is pleased to announce that its name has been changed from Arapahoe Energy Corporation to "Canadian Phoenix Resources Corp.". The name change was approved by the shareholders of the Corporation at the Special Meeting held on December 28, 2007.

Effective January 7, 2008, the common shares of the Corporation will commence trading on the TSX Venture Exchange (symbol "CPH") under the name "Canadian Phoenix Resources Corp.".

Arapahoe Energy Corporation is a publicly traded junior oil and gas exploration, development and production company with operations in Western Canada. Arapahoe is pursuing a corporate strategy of being a consolidator of undervalued oil and gas assets located in the Western Canadian Sedimentary Basin. Arapahoe's shares trade on the TSX Venture Exchange under the symbol "AAO". As noted above, effective as of January 7, 2007, the shares of the Corporation will trade on the TSX Venture Exchange under the symbol "CPH".

ON BEHALF OF THE BOARD OF DIRECTORS OF ARAPAHOE ENERGY CORPORATION

Robert J. Chenery, President & CEO

Forward-Looking Statements

This release may contain forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forwardlooking statements are not guarantees of future performance. Any forward-looking statements are made as of the date hereof and Arapahoe does not undertake any obligation, except as required under applicable law, to publicly update or revise such statements to reflect new information, subsequent or otherwise.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Arapahoe Energy Corporation
    Robert J. Chenery
    President & CEO
    (403) 920-0040
    (403) 920-0043 (FAX)