Big Sky Energy Corporation
OTC Bulletin Board : BSKO

Big Sky Energy Corporation

July 20, 2005 09:00 ET

Big Sky Announces Proposed Private Placement

CALGARY, ALBERTA--(CCNMatthews - July 20, 2005) -


Big Sky Energy Corporation (OTCBB:BSKO) (the "Corporation") is pleased to announce today that it has entered into a agreement to issue, by way of private placement, up to 25,000,000 shares of common stock (or in the case of Canadian investors, potentially issue securities that are in the form of Special Warrants convertible into common shares on the filing of a prospectus in Canada). The common shares and special warrants will be offered on a best efforts basis through a syndicate of agents led by Westwind Partners Inc. (the "Agents").

The Corporation has also agreed to grant the Agents an option, exercisable at any time up to 30 days following the closing of the offering, to increase the size of the offering by an additional 10,000,000 common shares. The offering is scheduled to close on or about July 30, 2005, and is subject to, among other things, receipt of all necessary regulatory approvals.

Proceeds from the share offering will be used to fund ongoing drilling to exploit the production and exploration upside in the Company's highly prospective oil and gas properties in the pre Caspian Basin in Kazakhstan, further expansion of its interests in the wider Caspian Region and for general corporate purposes.

Big Sky Energy Corporation is an international oil and gas company, looking to develop assets in the world's most prolific basins in order to become a leading low-cost finder of hydrocarbons. The Corporation is currently operating in Kazakhstan's renowned pre-Caspian basin. The common shares of the Corporation are listed on the NASD OTC/BB and trade under the symbol "BSKO." Information is also available on the Corporation's website at

Note: The information contained in this press release contains forward looking statements which are based on the current expectations of the management of Big Sky Energy Corporation only, and actual results may differ materially. For a more detailed discussion of risks and other factors related to Big Sky Energy Corporation, please refer to its 10-KSB and 10 QSB reports filed with the U.S. Securities and Exchange Commission.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Contact Information