March Resources Corp.
TSX VENTURE : MCF

March Resources Corp.

January 22, 2008 11:12 ET

March Resources Corp. Spuds Pica #1 Well

CALGARY, ALBERTA--(Marketwire - Jan. 22, 2008) - March Resources Corp. ("March") (TSX VENTURE:MCF) is pleased to announce that they have spud Pica #1 in Northern Chile. Pica # 1 is on the Pica Norte block in the Atacama Desert in Northern Chile. Drilling is anticipated to take 45 days with completion and testing operations to follow. Logging results should be available immediately thereafter. It is anticipated that the Pica #2 well will spud shortly after the completion of the Pica #1 well. March has a 100% interest in the prospect.

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Statements in this press release may contain forward-looking information including expectations of future operations, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income and oil taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the oil and gas industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.

The TSX-Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.

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