Curlew Lake Resources Inc.

Curlew Lake Resources Inc.

May 23, 2006 09:15 ET

Curlew Lake Resources Inc. Announces that the Initial Well on the Fosterton Project in Saskatchewan has been Successfully Tested and Completed at 167 Barrels of Oil Per Day

LANGLEY, BRITISH COLUMBIA--(CCNMatthews - May 23, 2006) - Curlew Lake Resources Inc. (TSX VENTURE:CWQ)(PINK SHEETS:CWLXF) announces that the initial well on the Fosterton Project in Saskatchewan has been successfully tested and completed. The Fosterton 13-30 well, in which Curlew has a 25% working interest before payout, flowed at an average rate of 167 barrels of medium gravity oil per day with no formation water. The test was conducted over a 4 day period, with an average 13/16-inch choke, 912 KPA tubing pressure and 3,072 KPA casing pressure.

The primary target, the Rosary Sand, located at a depth of 3,300 feet, is a well-developed porous and permeable sand which is the producing horizon in the adjoining Fosterton field. The farm out land consists of 320 acres offsetting the Fosterton field. Wells can be drilled on 40 acre spacing with the present seismic feature supporting several offset locations.

Robert Pincombe, President of Curlew Lake Resources Inc., stated, "The results of this initial well confirm our original expectations, and indicate that we may have found a very productive area capable of a multiple well program. With our interest in the project, we believe that this area promises to contribute considerably to our future growth."

Curlew Lake Resources Inc. is an independent oil and natural gas, and precious metals, exploration, development and production company with operations in western Canada and the United States. Management is committed to maximizing shareholder value through a combination of participation in low-risk development and acquisition of oil and gas properties, as well as participation in high-risk, high potential exploration projects in both energy and precious metal projects.

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On Behalf of the
Board of Directors
"Robert B. Pincombe"

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