Lions Petroleum, Inc.
OTC Bulletin Board : LPET

Lions Petroleum, Inc.

May 23, 2006 18:03 ET

Lions Petroleum Inc. Announces Corporate Growth Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 23, 2006) - Lions Petroleum Inc. (the "Company") (OTCBB:LPET) announces it is in the process of enacting a corporate growth program specifically designed to exploit the unique opportunities available in the domestic oil and gas market. This will include lease acquisition, participating drilling interests, and production.

The Company is currently exploring a number of lease acreage acquisitions and participating drilling interests in Saskatchewan, Alberta, Texas and Montana.

We believe that the focus on finding and producing oil and natural gas will maximize investment value in the short term and enhance shareholder's equity in the long term.

Various methods of financing are presently being considered to fund this growth program and progress reports will be announced accordingly.

Safe Harbor Statement

The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of Lions Petroleum Inc. There are substantial risks associated with investing in development stage energy exploration companies.

No Securities Commission or similar authority has in any way approved any of the information contained in this press release.

Contact Information

  • Lions Petroleum Inc.
    Mr. Gordon Wiltse
    (604) 669-1533