Aspen Group Resources Corporation

Aspen Group Resources Corporation
Westchester Resources Inc.

Westchester Resources Inc.

February 21, 2005 09:00 ET

Aspen and Westchester Acquire Drilling Leases in Manitoba


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ASPEN GROUP RESOURCES CORPORATION

TSX SYMBOL: ASR

AND WESTCHESTER RESOURCES INC.

TSX VENTURE SYMBOL: WSR

FEBRUARY 21, 2005 - 09:00 ET

Aspen and Westchester Acquire Drilling Leases in
Manitoba

OKLAHOMA CITY, OKLAHOMA--(CCNMatthews - Feb. 21, 2005) - Aspen Group
Resources Corporation (TSX:ASR) and Westchester Resources Inc. (TSX
VENTURE:WSR) today announced that, through their 50/50 joint venture
arrangement (the "Joint Venture"), the companies have acquired for
drilling five leases totaling approximately 1360 acres in the Daly Field
in Southwest Manitoba.

The proposed program will utilize horizontal drilling techniques to
explore three target zones: the Middle Daly Member and the Cruickshank
Crinoidal Member in the Lodgepole formation and the underlying Bakken
formation. Horizontal drilling has been used successfully in these type
structures to enhance production and recovery rates. Average well depth
is approximately 2400 feet. Drilling, completion, and tie-in costs are
estimated at C$750,000 per well. Drilling operations are expected to
commence within 60 days, subject to rig availability.

Aspen Group Resources Corporation is an independent oil and natural gas
producer engaged in the acquisition, exploration, production and
development of oil and natural gas properties in North America. Aspen's
shares trade on The Toronto Stock Exchange under the symbol "ASR".
Westchester Resources Inc. shares trade on the TSX Venture Exchange
under the symbol "WSR".

For more information on the Oil and Gas Industry in North Dakota, visit
www.oilgas.nd.gov

Portions of this document include "forward-looking statements", which
may be understood as any statement other than a statement of historical
fact. Forward-looking statements contained in this document are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based on
management's current expectations and are subject to uncertainty and
changes in circumstances. Actual results may vary materially from
management's expectations and projections expressed in this document.
Certain factors that can affect the Company's ability to achieve
projected results are described in the Company's Annual Report on Form
20-F and other reports filed with the Securities and Exchange
Commission. Such factors include, among others, production variances
from expectations, uncertainties about estimates of reserves, volatility
of oil and gas prices, the need to develop and replace reserves, the
substantial capital expenditures required to fund operations,
environmental risks, drilling and operating risks, risks related to
exploratory and developmental drilling, competition, government
regulation, and the ability of the company to implement its business
strategy.

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