SOURCE: Stonebridge Resources Exploration Ltd.

September 27, 2007 09:15 ET

Stonebridge Resources (SBRX) Receives Letter of Intent From North American Firm to Purchase Part of Kansas Assets

HOUSTON, TX--(Marketwire - September 27, 2007) - Stonebridge Resources Exploration Ltd. (PINKSHEETS: SBRX) (FRANKFURT: S3C), a diversified energy company specializing in the development and acquisition of oil and gas assets, has received a Letter of Intent (L.O.I) from a qualified buyer here in North America to purchase part of Stonebridge's assets in Kansas.

SBRX acquired and operates 28 East Kansas leases. The leases are producing oil and have a large opportunity to commence producing gas from over 8 Coal Bed Methane Gas Reservoirs. The Kansas leases consist of 6,595 acres with 24.9 BCF of gas, and an Independent Consulting Engineer reviewed Advanced MicroMagnetics report and concluded that there is an excess of 2,000,000 barrels of recoverable oil. "Management will continue to entertain new and existing offers regarding the Kansas-owned assets," stated Stonebridge Company President, Phillip Christian.

The Company's current focus is on re-completion of wells acquired in NE Oklahoma and will continue to aggressively pursue sound viable business opportunities here and abroad.

About SBRX (

Stonebridge Resources Exploration Ltd. is primarily engaged in the acquisition and development of oil and gas assets in continental North America. The company is aggressively implementing an acquisition-based model and intends to continue to improve all holdings and enhance production wherever available with new technologies.

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Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

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