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

Blue Parrot Energy Inc.

February 28, 2005 14:18 ET

Blue Parrot Energy Inc. Announces Engagement of Investor Relations Firm


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BLUE PARROT ENERGY INC.

TSX VENTURE SYMBOL: BPA
BERLIN SYMBOL: BPX

FEBRUARY 28, 2005 - 14:18 ET

Blue Parrot Energy Inc. Announces Engagement of
Investor Relations Firm

CALGARY, ALBERTA--(CCNMatthews - Feb. 28, 2005) - Blue Parrot Energy
Inc. ("Blue Parrot") (TSX VENTURE:BPA) (BERLIN:BPX) is pleased to
announce that it has entered into an agreement with Redwood Capital
Corporation ("Redwood") of Calgary, Alberta, to provide an investor and
financial relations program, including the preparation of corporate
presentations, communication to the investment community and providing
assistance in developing relationships with brokerage and investment
banking firms. The agreement will cover the period from March 1, 2005 to
August 31, 2005, with compensation to total $15,000. The agreement is
renewable under negotiable terms and is subject to regulatory approval.
Blue Parrot will be applying to the TSX Venture Exchange for approval of
the investor and financial relations arrangement.

Jason Krueger, President of Redwood, has conducted investor relations
programs for a variety of Canadian-listed companies. Mr. Krueger holds
the Chartered Financial Analyst® designation, and is a member of the
CFA Institute as well as The Calgary Society of Financial Analysts. Blue
Parrot and Redwood act at arm's length to each other and Redwood has no
direct or indirect interest in Blue Parrot or its securities.

Blue Parrot is an oil and natural gas exploration, development and
production company based in Calgary, Alberta currently producing
approximately 190 boe/d from its properties in Alberta.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Blue Parrot Energy Inc.
    Bill Elligson
    President
    (403) 262-8444
    Email: info@blueparrotresources.com
    or
    Redwood Capital Corporation
    Jason Krueger
    CFA
    (403) 374-1234
    Email: jason@redwood-capital.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.