Curlew Lake Resources Inc.

Curlew Lake Resources Inc.

May 03, 2007 09:15 ET

Curlew Lake Resources Inc.: License Received for Second Fosterton Well. Stock Distribution Record Date May 15th, 2007

LANGLEY, BRITISH COLUMBIA--(CCNMatthews - May 3, 2007) - Curlew Lake Resources Inc. (TSX VENTURE:CWQ)(PINK SHEETS:CWLXF) announces that the operator of the Fosterton project has received the license for the second well. This well will be drilled after spring breakup subject to rig availability. The first Fosterton well has been pumping since March at a reduced rate due to current road bans. The well is currently producing to tanks at a rate of just over 60 barrels per day. The Company was informed by the Operator, that they will be increasing the flow rate after the road bans have been lifted.

The Company is also pleased to announce plans for distribution of stock to shareholders of Curlew Lake Resources Inc. The distribution of these shares will be based on the shareholder list provided to Curlew Lake Resources Inc. by our transfer agent Computershare, as of the Annual General Meeting Record Date of May 15th 2007. Curlew Lake Resources Inc. has received a stock certificate for the new company and will be distributing the 5,940,000 shares prorated based on each shareholders holding of Curlew Lake Resources Inc. on May 15th. The new company is currently awaiting a ticker symbol from the NASD and upon this issuance the shares will be free trading. This new company will be called "Buyer Group International Inc."

Additional information will be forth coming in the next couple of weeks
For additional information or to be added to the corporate mailing list please visit the following page

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.

Contact Information