Cougar Oil and Gas Canada Inc.
OTC Bulletin Board : COUGF

July 12, 2010 02:10 ET

Cougar Oil and Gas Canada Inc. Increases Trout Core Land Position by 55%

CALGARY, ALBERTA--(Marketwire - July 12, 2010) - Cougar Oil and Gas Canada Inc. ("Cougar Canada" or the "Corporation") (OTCBB:COUGF) is pleased to announce the successful acquisition of 2,176 hectares or 5,377 acres of mineral rights at the recent July 7 Alberta provincial land sale.

These leases (mineral rights) are located immediately adjacent to Cougar Canada's existing Trout leases and are all within the identified Trout Core area. The Corporation now holds approximately 15,000 acres of provincial mineral rights.

The lease types are a standard provincial 5 year Petroleum and Natural Gas lease including all formations from surface to basement. These leases will also benefit from the recently announced Alberta royalty incentives, which include a 5% New Well Royalty Rate for the first year of production.

Mr. William Tighe, Chief Executive Officer for Cougar Canada, stated, "We are pleased that Cougar Canada was able to successfully acquire this additional land to continue the development of our Trout Core production area. These parcels were nominated for the sale based on our extensive geological mapping and evaluation of the regional production trends. We will be including this land in our ongoing development operations which is planned to include additional 2D and 3D seismic and vertical and horizontal drilling operations."

About Cougar Oil and Gas Canada Inc.:

Cougar Oil and Gas Canada Inc. (OTCBB:COUGF) is based in Calgary, Alberta, Canada and a publicly traded oil and gas exploration and production company. The focus is on the exploration and development of Canadian based onshore oil and gas properties. The current projects are Lucy in the Horn River Basin in northeast British Columbia and CREEnergy Joint Venture and area projects located in north central Alberta.

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Forward-looking Statements: This press release contains forward-looking statements. The words or phrases "would be," "will" "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," or similar expressions are intended to identify "forward-looking statements". The Company's business is subject to various other risks and uncertainties, which may be described in its corporate filings ( Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Cougar Oil and Gas Canada Inc. undertakes no obligation to update or publicly revise forward looking statements or information unless so required by applicable securities laws.

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