Curlew Lake Resources Inc.

Curlew Lake Resources Inc.

March 15, 2009 21:51 ET

Curlew Lake Resources Inc. Announces That it has Signed a Letter of Intent on the Steen River Oil and Gas Prospect of Northern Alberta

LANGLEY, BRITISH COLUMBIA--(Marketwire - March 15, 2009) - Curlew Lake Resources Inc. (the "Company") (TSX VENTURE:CWQ) (PINK SHEETS:CWLXF) announces that it has signed a letter of intent for an option agreement with a third party pursuant to which it will enter into a two well drilling option agreement by May 27th, 2009, ending March 27th 2012, on 6 sections comprising the Steen River oil and gas prospect of Northern Alberta. The letter of intent calls for a non-refundable deposit of $3,750 which will be paid from the operational revenue from the companies Menard Oil project. Curlew Lake has secured a 25% position in the play.

The Steen River structure located 700 miles north of Edmonton is an impact crater producing from the outer rim up to 1000 b/d oil and 35 MMcf/d gas including 72 BCF gas reserves. The option lands are located on the untested central uplift; and drill logs indicate a 1000 meter relief on the fractured basement high. Other companies in the area include Paramount Resources Ltd., Jed Oil and Gas, and Bearspaw Petroleum Ltd.

On behalf of the Board of Directors

Robert B. Pincombe, President

Warning: The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release a result of numerous factors, some of which are outside the control of the Company.

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