The Buffalo Oil Corporation
TSX VENTURE : BFO

The Buffalo Oil Corporation
Choice Resources Corp.
TSX VENTURE : CZE

Choice Resources Corp.

July 18, 2007 14:15 ET

Buffalo and Choice Mail Joint Information Circular

CALGARY, ALBERTA--(Marketwire - July 18, 2007) -

NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES.

The Buffalo Oil Corporation (TSX VENTURE:BFO) ("Buffalo") and Choice Resources Corp. (TSX VENTURE:CZE) ("Choice") are pleased to announce that the joint information circular with respect to the previously announced amalgamation of Buffalo and Choice has been mailed to the shareholders of both companies. Special meetings of the Choice shareholders and the Buffalo shareholders to vote on the amalgamation are to be held on August 2, 2007 at 11:15 a.m. and 12:30 p.m. respectively, at the Calgary Chamber of Commerce.

The boards of directors of each of Buffalo and Choice have unanimously approved the transaction and the senior officers and directors of Buffalo and Choice have executed lock-up agreements pursuant to which they have agreed, subject to certain conditions, to vote their shares in favour of the transaction. In order for the amalgamation to become effective, at least 66 2/3% of the votes cast by the shareholders of each company eligible to vote at the respective meetings, must be voted in favour of the transaction.

Full particulars of the proposed amalgamation are contained in the joint information circular, a copy of which is available at www.sedar.com.

The combined company, to be named Buffalo Resources Corp., will have a strengthened management team, approximately 4,000 boe/d of production evenly weighted between oil and gas, proved plus probable reserves totalling nearly 15 million boe with a reserve life index in excess of 10 years and 130,000 net acres of undeveloped land.

All shareholders of Buffalo and Choice are encouraged to vote in person or by proxy at their respective shareholders' meetings on August 2, 2007. A brief presentation on Buffalo Resources Corp. will follow the meetings. Shareholders with questions may contact either Buffalo or Choice at the numbers listed below.

Certain information set forth in this press release contains forward looking statements. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, reliance should not be placed on forward-looking statements. Actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits may be derived therefrom. Buffalo and Choice disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Barrels of oil equivalent (Boe's) may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf of gas = 1 Bbl of oil is based upon an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release.

Contact Information

  • The Buffalo Oil Corporation
    Trevor Penford
    President and C.F.O.
    (403) 252-2462
    Email: tpenford@buffalo-oil.com
    or
    The Buffalo Oil Corporation
    William (Bill) Trickett
    Chairman and C.E.O.
    (403) 252-2462
    Email: btrickett@buffalo-oil.com
    or
    The Buffalo Oil Corporation
    Suite 180, 1209 - 59th Avenue S.E.
    Calgary, Alberta T2H 2P6
    (403) 252-2462
    (403) 252-1399 (FAX)
    Website: www.buffalo-oil.com
    or
    Choice Resources Corp.
    Gordon Harris
    President & C.E.O.
    (403) 216-5821
    or
    Choice Resources Corp.
    Steve Austin
    C.F.O.
    (403) 216-5821
    or
    Choice Resources Corp.
    Suite 1100, 550 11th Avenue S.W.
    Calgary, Alberta T2R 1M7
    (403) 216-5821
    (403) 216-5828 (FAX)
    Website: www.choiceresources.ca