Bronco Energy Ltd.
TSX : BCF

Bronco Energy Ltd.

October 15, 2007 02:37 ET

Bigstone Cree Nation Treaty Land Entitlement

CALGARY, ALBERTA--(Marketwire - Oct. 15, 2007) - Bronco Energy Ltd. ("Bronco") (TSX:BCF) congratulates its joint venture partner, the Bigstone Cree Nation, on the execution of an Agreement in Principle ("AIP") with Canada and Alberta on its Treaty Land Entitlement claim. Bronco is not a participant in the AIP. This land claim is the largest settlement in Alberta and Canada. For more information and to view the October 12, 2007 press release from Indian and Northern Affairs Canada, please visit its website at http://www.ainc-inac.gc.ca/ and click on the "News Room" link.

Chief Francis Gladue stated, "The signing of this Agreement in Principle is a historic event and a significant step towards settling our outstanding land claim. Once the claim is settled, the Bigstone Cree Nation plans to work with industry to further evaluate and develop some of the significant resources on the future reserve lands. We believe this Agreement is in the best interest of our people, as Bigstone Cree Nation leadership strives to improve the lives of our community membership for many generations to come."

This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under Bronco's control which may cause actual results, performance or achievements of Bronco to be materially different from the results, performance or expectations implied by these forward-looking statements. Bronco undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Bronco Energy Ltd.
    Brian Alford
    President and Chief Executive Officer
    (403) 699-8383
    (403) 693-0038 (FAX)
    or
    Bronco Energy Ltd.
    David Johnson
    Chief Financial Officer
    (403) 699-8383
    (403) 693-0038 (FAX)
    Website: www.broncoenergy.ca