CIRCUMPACIFIC ENERGY CORPORATION

CIRCUMPACIFIC ENERGY CORPORATION

February 24, 2005 15:46 ET

Circumpacific Energy Corporation: Production and Revenue Increase - Successful Testing - Kakwa, Canada


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CIRCUMPACIFIC ENERGY CORPORATION

TSX VENTURE SYMBOL: CER

FEBRUARY 24, 2005 - 15:46 ET

Circumpacific Energy Corporation: Production and
Revenue Increase - Successful Testing - Kakwa, Canada

CALGARY, ALBERTA--(CCNMatthews - Feb. 24, 2005) - Circumpacific Energy
Corporation (TSX VENTURE:CER)("the Company"), reports that it has now
completed successful testing of three wells in it's non unit lands at
Kakwa, West Central Alberta. The wells have on test produced both oil
and gas from multiple zones in the Cardium Formation.

Circumpacific has a 12.5% working interest and royalty interests in the
lands and wells. Following testing the three wells will now be tied in
to the gas transportation system and commence production around April
2005. Oil will be produced separately.

The Company estimates that it will receive additional gross annual
revenue of $800,000 from this project.

For further information visit Circumpacific's website at
www.circumpacific.com

"PHILIP F KELSO"

PRESIDENT

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Circumpacific Energy Corporation
    Philip F. Kelso
    President
    (403) 265-7667
    (403) 263-8097 (FAX)
    corporate@circumpacific.com
    http://www.circumpacific.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.