Curlew Lake Resources Inc.

Curlew Lake Resources Inc.

November 08, 2006 08:00 ET

Curlew Lake Resources Inc. Announces Changes to the Flow Through Private Placement and the Drilling Program

LANGLEY, BRITISH COLUMBIA--(CCNMatthews - Nov. 8, 2006) - Curlew Lake Resources Inc. (the "Company") (TSX VENTURE:CWQ)(PINK SHEETS:CWLXF) announces changes to the Flow Through Private Placement and the drilling program.

The Company announces changes to the Flow Through Private Placement and the drilling program announced in a News Release dated October 3, 2006. The initial drilling program has been reduced from the original 10 to 7 wells. The partners also plan to carry out a seismic program on additional lands. In view of this the private placement of flow through shares has been reduced from 7,500,000 to 5,000,000 units at a price of $0.20 per unit to raise a total of $1,000,000. The units will consist of one flow-through common share and one-half a flow-through share purchase warrant. Each full share purchase warrant entitles the holder to purchase one flow-through common share of the Company for a period of twelve months at a price of $0.30 per share. Commissions will be payable on part of the placement in accordance with regulatory policies. Company insiders Robert B. Pincombe and David D. McKee have subscribed for $240,000 and $265,000 of the placement respectively.

Frontier Engineering & Consulting Ltd., the contract operator of the project, advise they will be in a position to apply for all the well licenses in the coming week and expect the approvals prior to the end of the month. They have also communicated the availability of a rig. Frontier expects to commence drilling around the end of November.

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On Behalf of the Board of Directors

"Robert B. Pincombe", President

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

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