Long View Resources Corporation

Long View Resources Corporation

May 17, 2006 11:46 ET

Long View Resources Corporation Graduates to TSXV's Premier Board and Announces Appointments of Officers

CALGARY, ALBERTA--(CCNMatthews - May 17, 2006) - LONG VIEW RESOURCES CORPORATION ("Long View", the "Company" or the "Corporation") (TSX VENTURE:LRC), today announces that effective at the market opening on May 17, 2006 the Corporation will commence trading as a TSXV Tier I company. Tier I is the TSXV's premier tier and is reserved for the most advanced public companies with the most significant financial resources.

The graduation of Long View to the TSXV Tier I listing follows the record financial and operating results recently posted for the year ended December 31, 2005. Long View's proved plus probable reserves grew 292% year-over-year to 1.7 million barrels of oil equivalent as at December 31, 2005; the net present value (at a 10% discount rate before income taxes) of these reserves grew by 846% year-over-year to $29.4 million as at December 31, 2005.

Kevin Patterson, President and Chief Executive Officer of Long View, commented that "Long View has made considerable progress since its start as a private company in 2002, through to its listing on the TSX Venture Exchange on November 26, 2004, and more recently, its graduation to a TSXV Tier I listing. Along with the Board of Directors of Long View, I am very proud of our accomplishments."

Concurrent with the graduation to TSXV Tier I, the Board of Directors of Long View also announced the appointment of Mr. Jonathan J. Hromek as Vice-President, Operations and Ms. Sheila M. Stadnyk as Vice-President, Administration.

Jonathan J. Hromek graduated with distinction from the University of Regina's Petroleum Systems Engineering program, and has experience in international and domestic reservoir engineering, and field operations. Mr. Hromek is presently a candidate for a Master of Applied Science degree at the University of Regina, and has been with Long View since July 2004 as Manager, Operations.

Sheila M. Stadnyk has over 25 years of oil and gas administrative and financial experience, commencing in 1981 with Saskoil (now Nexen), and continuing in 1995 with the Regina chartered accounting firm of Robertson Stratychuk (now Virtus Group). Ms. Stadnyk joined Long View in January 2005 as Manager, Administration.

John Styles, Chairman and Chief Operating Officer of Long View commented that "the Board of Directors of Long View is very pleased with the significant contributions made by Mr. Hromek and Ms. Stadnyk during their tenure with Long View. Their work has in part been responsible for the graduation of Long View to a Tier I TSXV listing. We congratulate them both on their promotions."

Following these appointments, the officers of Long View consists of:

Kevin T. Patterson, President and Chief Executive Officer
John A. Styles, Chief Operating Officer, Chief Financial Officer
David D. Heighington, Corporate Secretary
Stephen P. Halabura, Vice-President, Exploration
Jonathan J. Hromek, Vice-President, Operations
Sheila M. Stadnyk, Vice-President Administration


Long View Resources Corporation is a TSX Venture Exchange Tier 1 listed public energy company with producing assets in southeastern Saskatchewan. Long View trades under the symbol "LRC".

Disclosure provided herein in respect of barrels of oil equivalent (boe) may be misleading, particularly if used in isolation. A boe conversion ratio of 6 thousand cubic feet (mcf) per boe is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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

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