Arctos Petroleum Corp.

February 28, 2005 10:20 ET

Arctos Petroleum Corp.: Snipe Lake Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ARCTOS PETROLEUM CORP.

TSX VENTURE SYMBOL: APO

FEBRUARY 28, 2005 - 10:20 ET

Arctos Petroleum Corp.: Snipe Lake Update

CALGARY, ALBERTA--(CCNMatthews - Feb. 28, 2005) - ARCTOS PETROLEUM CORP.
("Arctos" or the "Company")(TSX VENTURE:APO) is pleased to give an
update on the Snipe Lake Prospect. Arctos and its partners are
constructing the tie-in pipeline to the previously drilled 3-28 location
and will be on stream March 1, 2005, with an expected deliverability of
two million cubic feet per day (330 barrels of oil equivalent per day).
Arctos has 10% BPO interest reverting to 32% APO interest.

Arctos and its partners have spud an additional well on the Snipe Lake
Prospect. Arctos has a 20% WI in this new well.

Arctos is a junior oil and gas company with ongoing exploration,
development, and production programs in Alberta and Saskatchewan.

ARCTOS PETROLEUM CORP.

Thomas A. Doyle

Thomas A. Doyle, President, CEO

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Arctos Petroleum Corp.
    Thomas A. Doyle
    President, CEO
    (403) 531-1711
    or
    Arctos Petroleum Corp.
    Brian Murray
    COO, VP Land
    (403) 215-9256
    info@arctos.ca
    THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE
    INFORMATION CONTAINED HEREIN