Assure Energy, Inc.

Assure Energy, Inc.

March 10, 2005 16:12 ET

Assure Energy, Inc. Announces Drilling Success


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ASSURE ENERGY, INC.

OTC Bulletin Board SYMBOL: ASURF
FRANKFURT SYMBOL: ASL

MARCH 10, 2005 - 16:12 ET

Assure Energy, Inc. Announces Drilling Success

CALGARY, ALBERTA--(CCNMatthews - March 10, 2005) - Assure Energy, Inc.
(OTCBB:ASURF) (FWB:ASL) ("Assure") announces successful drilling results
for the company's core properties in North East British Columbia. Assure
drilled 2 new natural gas wells (net 1) and completed one well (net .5)
drilled in the prior winter. The new wells encountered multi-zone
production potential and flow tested gas in the Gething and Blue Sky
formations. The third well also flow tested gas in the Gething formation
and also encountered oil in a lower formation.

Assure is currently in the process of tying-in this new production which
subject to weather conditions is anticipated by mid April following
which the company can announce its initial production rates.

Harvey Lalach, President Assure Energy, Inc. stated, "In addition to
drilling the 2 new wells we have expanded our land base buy acquiring
additional land in the area to further develop this very exciting play.
The new discoveries and the added lands are expected to significantly
increase our cash flow this year and position us for continued growth in
North East, B.C."

Assure is also pleased to announce the appointment of James Cassina as
Chairman and director of Assure. Mr. Cassina brings to Assure 15 years
of experience in corporate finance and executive positions in the energy
sector.

ABOUT ASSURE ENERGY, INC.

Assure Energy, Inc. is an Alberta, Canada corporation that is
principally engaged in the exploration, development, acquisition and
production of petroleum and natural gas in Canada's Western Sedimentary
Basin. Assure is the surviving entity from a Plan of Arrangement of
Assure and Quarry Oil & Gas Ltd. Assure trades on the OTCBB under the
symbol ASURF.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include statements concerning plans, objectives, goals,
strategies, future events or performance and underlying assumptions and
other statements, which are other than statements of historical facts.
These statements are subject to uncertainties and risks including, but
not limited to, product and service demand and acceptance, changes in
technology, economic conditions, the impact of competition and pricing,
government regulation, and other risks defined in this document and in
statements filed from time to time with the Securities and Exchange
Commission. All such forward-looking statements, whether written or
oral, and whether made by, or on behalf of, the Company, are expressly
qualified by these cautionary statements and any other cautionary
statements which may accompany the forward-looking statements. In
addition, the Company disclaims any obligation to update any
forward-looking statements to reflect events or circumstances after the
date hereof.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Assure Energy, Inc.
    Harvey Lalach
    President
    (403) 266-4975
    Website: www.assure-energy.com