Choice Resources Corp.
TSX VENTURE : CZE

Choice Resources Corp.

September 21, 2005 16:01 ET

Choice Announces Acquisition of Exploration and Producing Properties

CALGARY, ALBERTA--(CCNMatthews - Sept. 21, 2005) - Choice Resources Corp. (TSX VENTURE:CZE) is pleased to announce the acquisition of an interest in 100 sections of prospective land in the Snipe Lake and Wallace areas of Alberta.

The acquisition which closed on September 16, 2005 covers P&NG rights in 67,040 gross acres and 11,447 net acres. This acreage purchase complements Choice's existing land holdings in these areas. Included in the purchase is an interest in two producing gas wells and one producing oil well as well as interests in two shut-in gas wells. The purchase price of $1,995,000 includes net production of approximately 50 boe/d.

Choice considers these areas to be prime exploration acreage and this acquisition enables Choice to participate with a higher working interest in the 6 to 8 multi-zone prospective wells it expects to drill this winter.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. These statements speak only as of the date of this presentation. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

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

Contact Information

  • Choice Resources Corp.
    Gord Harris
    CEO
    (403) 216-5821
    or
    Choice Resources Corp.
    Steve Austin
    CFO
    (403) 216-5821
    (403) 216-5828 (FAX)
    Email: info@choiceresources.ca