Boulder Mining Corporation

Boulder Mining Corporation

December 27, 2006 08:30 ET

Boulder Mining Corporation: Sue-Ann Tacquard # 1 Initial Production Tests

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 27, 2006) - Boulder Mining Corporation ("Boulder") (TSX VENTURE:BDR) - The Sue-Ann Tacquard #1 well in Galveston County, Texas, was drilled to a depth of 9,750 ft and completed for production in October 2006.

The well produced during clean-up and testing from November 1 to November 15, 2006. The production started to the sales line on Dec. 12, 2006.The well is currently flowing approximately 500 Mscf a day of gas, approximately 30 barrels of oil a day, and essentially no water on a 7/64 inch choke. Flowing tubing pressure is 1300 psi.

Opal's ultimate interest in this well will be 25% of the 50% working interest in the well it secured for the benefit of the South Texas Exploration Program.

New Prospect Acquired

Opal has advanced approximately $US600,000 to secure drilling rights for a major deep natural gas prospect in Texas. Additional land acquisition opportunities are being investigated in the area. Further details will be released as sensitivities related to this acquisition diminish.

Boulder Mining Corporation - Opal Energy Inc.

Boulder Mining Corporation, through its U.S. subsidiary Opal Energy Inc., offers an aggressive, disciplined and results-oriented vehicle to invest in the U.S. Exploration and Production "E&P" sector with a particular focus on natural gas exploration targets in South Texas. The business strategy is to build asset value through the drill bit, growing a production platform upon which will be superimposed some remarkable, high-impact exploration opportunities. Drilling inventory will be continuously enhanced by the implementation of a series of proprietary 3-D seismic shoots. Opal is securing funding partners for an initial US$16 million South Texas exploration package that calls for drilling 10 wells and completing a 75 sq. mi. seismic shoot over the next 9 to 12 months. Interpretation of the seismic shoot is ultimately expected to uncover dozens of new high-quality drilling prospects starting in Q3-2007.

On behalf of the Board of Directors

Boulder Mining Corporation

Ronald E. Oligney, CEO and Director

John H. McAdam, President and Director

This release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, production activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, production and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Opal does not assume a duty to update these forward-looking statements. For more information on the Company, Investors should review the Company's filings that are available at

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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