Blue Parrot Energy Inc.
TSX VENTURE : BPA
BERLIN : BPX

Blue Parrot Energy Inc.

March 02, 2005 19:16 ET

Blue Parrot Energy Inc. Announces Activity Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BLUE PARROT ENERGY INC.

TSX VENTURE SYMBOL: BPA
BERLIN SYMBOL: BPX

MARCH 2, 2005 - 19:16 ET

Blue Parrot Energy Inc. Announces Activity Update

CALGARY, ALBERTA--(CCNMatthews - March 2, 2005) - Blue Parrot Energy
Inc. ("Blue Parrot") (TSX VENTURE:BPA)(BERLIN:BPX) is pleased to
announce that it has cased the initial well in the Antelope area of
Alberta at 1 - 29 - 30 - 01W4 and spudded a second location at 15 - 12 -
30 - 02W4 on March 2. A drill stem test was performed on the first well,
showing a zone of interest that requires further testing. The Antelope
area is part of a land package recently acquired by Blue Parrot, with
the Company holding a 50% working interest and acting as operator of all
wells.

Blue Parrot also announced it has signed a farm-in agreement with a
third party to participate in a Leduc well in the Chigwell area of
Alberta. Drilling will commence before March 12.

Blue Parrot is an oil and natural gas exploration, development and
production company based in Calgary, Alberta.

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