County Line Energy Corp.

County Line Energy Corp.

October 24, 2006 09:00 ET

County Line Energy Corp. Signs Deal for Gas Well Near Consort Alberta


Harry Bygdnes, President of County Line Energy Corp., confirms that the company has signed a farm-out agreement with Grizzly Holdings Inc of Calgary Alberta. County Line will participate with a before payout interest of 42.5% and an after payout interest of 23.37%. An AFE has been provided and it is anticipated that this well will spud in November depending on drilling rig availability.

The depth of the well will be approximately 1010 meters (approx. 3015 feet) and it will total depth within the Wabamum formation.

The prospect is to drill through the Lower Cretaceous sands which have been identified by geological and seismic interpretation. The zones of interest are all sands of Cretaceous age starting with the Viking Formation and including the Colony sand, a Glauconite Channel sand, and the Dina sand.

The main target of this test well is the third zone which is a true fluvial Glauconite Channel sand which can be up to 20 meters thick. Seismic data shows a strong "bright spot" over this zone which would substantiate the channel theory. If this zone is productive, its rate could exceed 2000 mcf/day.

The Colony sand which is also a channel deposit can be up to 15 meters thick (approx. 50 feet). This zone produces on offsetting acreage with rates up to 2000 mcf/day.

The Dina sand has a lower degree of success but this large regional sand deposit shows a strong seismic "bright spot" indicating a possibility of a light oil deposit.

The land earned on this project is 2 3/4 sections (1760 acres)

Anticipated gas reserves in excess of 3.5 BCF (Billion Cubic Feet)

Signed on behalf of the Board of Directors

Harry Bygdnes, President

Forward-Looking Statements: This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

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