Athlone Energy Ltd.

Athlone Energy Ltd.

March 23, 2005 14:27 ET

Athlone Energy Ltd.: Smoky Lake Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ATHLONE ENERGY LTD.

TSX VENTURE SYMBOL: ATH

MARCH 23, 2005 - 14:27 ET

Athlone Energy Ltd.: Smoky Lake Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 23, 2005) - Athlone
Energy Ltd. ("Athlone" or the "Company") (previously Athlone Minerals
Ltd.) (TSX VENTURE:ATH) is pleased to announce commercial gas production
in the Smoky Lake area, Alberta. Two wells were put on production eight
weeks ago and combined production has stabilized at 280 thousand cubic
feet per day (mcfd). Athlone has a 75% working interest in both wells.
The partners have bid on and acquired additional land in the area.

The common shares of Athlone are listed on the TSX Venture Exchange
(symbol ATH).

On behalf of the Board,

ATHLONE ENERGY LTD.

Paul S. Reynolds, President

Copyright (C) 2003 ATHLONE ENERGY LTD. (TSX VENTURE:ATH) All rights
reserved.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Athlone Energy Ltd.
    Paul S. Reynolds
    President
    (604) 683-8909
    (604) 683-8923 (FAX)
    info@athlone.com
    www.athlone.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.