Curlew Lake Resources Inc.

Curlew Lake Resources Inc.

November 16, 2005 10:00 ET

Curlew Lake Resources Inc. Announces Well Preparation has Begun for the Fosterton Well and Drilling is Expected to Commence in Early December

LANGLEY, BRITISH COLUMBIA--(CCNMatthews - Nov. 16, 2005) - Curlew Lake Resources (TSX VENTURE:CWQ) (PINK SHEETS:CWLXF) announces it has received an AFE and cash call for the PARAX L.S. 13 Sec. 30 Twp. 16 Rge. 17 W.3 Mer. well in the Fosterton area of Saskatchewan. The projected drill time is estimated at 3-4 days.

Potential deliverability is expected to exceed 100bbls/day per well. The Fosterton project has a potential for 3-4 wells. Management feels this project has the potential to make a significant impact on the companys' financial position based on the company's 25% interest in the project.

Curlew Lake has arranged a non-brokered private placement of $100,000 comprising of 1,000,000 units at a price of ten cents per share. Each unit is comprised of one flow-through common share of the Company, and one share purchase warrant entitling the Subscriber to acquire an additional common share at a price of $0.15 per share, exercisable at any time up to one year from the date of issuance. The securities are subject to a hold period in accordance with regulatory policies.

Proceeds of the offering will be used for:

- the drilling and completion of the Fosterton 13-30 well in Saskatchewan;

- final cash payment required to complete the agreement requirements on the Clear Creek Gold Property; and

- for general corporate purposes.

On Behalf of the

Board of Directors

"Robert B. Pincombe"


This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.

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

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