Arsenal Energy Inc.

Arsenal Energy Inc.

July 18, 2005 09:00 ET

Arsenal Receives Conditional Approval to List on Toronto Stock Exchange

CALGARY, ALBERTA--(CCNMatthews - July 18, 2005) - Arsenal Energy Inc. (TSX VENTURE:AEI) is pleased to announce that the Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Company's common shares on the TSX.

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

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