Culane Energy Corp.

Culane Energy Corp.

November 29, 2007 16:57 ET

Culane Energy Amends Information in Its 2007 Third Quarter Press Release

CALGARY, ALBERTA--(Marketwire - Nov. 29, 2007) - Culane Energy Corp. (TSX VENTURE:CLN) ("Culane") advises that it wishes to clarify information contained in its third quarter press release. The amended paragraph should read as follows:

During the second and third quarters, Culane increased its land exposure in the Killam South and Killam North areas from 4 sections (2,560 acres) to approximately 19 sections (12,000 acres) of land. The land base consists of 100% working interest on 15 sections, and interests ranging from 25% to 50% on the remaining 4 sections. Culane has assembled this land base through a combination of land sales, acquisitions and strategic farm-ins. Culane has identified up to 5 potential Lloydminster oil pools on these lands that have existing well control analogous to its recently developed Killam South and Killam North pools. The Company has completed and interpreted a 3D seismic program approximately 30.0 square miles in areal extent. Culane has now initiated drilling plans on these new lands. The acquisition of additional lands in the Killam area will continue.

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

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