SOURCE: Barnabus Energy, Inc.

August 15, 2005 09:00 ET

Barnabus Energy Moves Ahead With Key Strategic Acquisitions

CARLSBAD, CA -- (MARKET WIRE) -- August 15, 2005 -- Barnabus Energy, Inc. (OTC BB: BBSE) announced today that the Company has successfully entered into an agreement to acquire Innova Exploration's working interest in the Manyberries Area of Southeastern Alberta, Canada. The agreement includes a substantial land parcel considered key to Barnabus Energy's comprehensive plans for the area. Along with various percentage agreements on property sections, the deal includes significant working interests on existing wells, gathering pipelines, wellsite and plant facility equipment. As previously announced, the Company's goals have moved from ownership of midstream facilities servicing and operation, to directly owning and operating such facilities as well as acquiring property sections and developing local natural gas reserves as additional feedstock for the generation of fees through these processing and shipping facilities. MB Gas Inc. continues to act as the Company's facilities operator and is currently assessing and confirming the state of the facilities, projected flow rates, reserves and potential revenues. This information, along with timelines, should become available to the Company shortly and Management will be making further announcements in this regard in coming weeks.

In response to today's news, Company President Kerry Nagy stated, "This agreement propels Barnabus into new areas of production and marketing as we continue to implement our strategic acquisition plans and look forward to developing exciting new partnerships, working ventures and target acquisitions within the very productive Manyberries region."


Barnabus Energy, Inc. (BBSE) is committed to the development of a truly diversified energy project portfolio. The Company is exploring and developing oil and natural gas reserves throughout western North America as well as undertaking project feasibility studies towards the acquisition of alternative, sustainable energy sources. Management has closely aligned itself with key strategic partnerships that will move the Company forwards towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.

Safe Harbor for Forward-Looking Statements:

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.


Barnabus Energy, Inc.

Kerry Nagy, President

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