United Reef Limited

United Reef Limited

October 02, 2007 19:02 ET

United Reef Announces Officer's Resignation

TORONTO, ONTARIO--(Marketwire - Oct. 2, 2007) - United Reef Limited (TSX VENTURE:URP) (CNQ:URPL) ("United Reef") announces that Mr. Paul MacKay has resigned as Vice President, Oil and Gas due to his increasing commitment to General Reef Corporation. Mr. MacKay has served as an officer of United Reef since 2005. The board of directors thanks Mr. MacKay for his contribution to the Company.

Shares issued: 64,360,980

Fully diluted: 68,523,480

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

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