Cyries Energy Inc.

Cyries Energy Inc.

March 22, 2007 18:23 ET

Cyries Energy Inc. Files Its Annual Information Form, Audited Financial Statements and MD&A

CALGARY, ALBERTA--(CCNMatthews - March 22, 2007) - Cyries Energy Inc. ("Cyries") (TSX:CYS) today filed its annual information form for the year ended December 31, 2006 which includes Cyries' reserves data and other oil and gas information for the year ended December 31, 2006 together with the report on reserves data by independent qualified reserves evaluator on Form 51-101F2 and the report of management and directors on oil and gas disclosure on Form 51-101F3 as mandated by National Instrument 51-101 Standards Disclosure for Oil and Gas Activities of the Canadian Securities Administrators. Cyries today also filed its audited financial statements and management's discussion and analysis for the year ended December 31, 2006. Copies of Cyries' annual information form, annual financial statements and management's discussion and analysis for the year ended December 31, 2006 may be obtained at

Cyries Energy Inc. is a publicly traded Canadian energy company involved in the exploration, development and production of natural gas and crude oil in western Canada. Its common shares trade on the TSX under the symbol "CYS".

This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction. The Cyries common shares have not been nor will be registered under the United States Securities Act of 1933, and they may not be offered or sold in the United States absent registration or an exemption from registration.

This news release and the annual information form contain forward-looking statements. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose" or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements are based on current expectations that involve a number of risks and uncertainties which could cause actual events or results to differ materially from those reflected in this news release. These risks and uncertainties include, among other things, changes in general economic, market and business conditions; changes or fluctuations in production levels, commodity prices, currency exchange rates, capital expenditures, reserves or reserves estimates and debt service requirements; changes in legislation; Cyries' ability to comply with current and future environmental or other laws; Cyries' success at the acquisition, exploitation and development of reserves; actions by governmental or regulatory authorities including increasing taxes or other regulations; and the occurrence of unexpected events involved in the operation and development of oil and gas properties. Forward-looking statements are based on the estimates and opinions of Cyries' management at the time the statements were made. Unless required by applicable law, Cyries assumes no obligation to update forward-looking statements should circumstances or management's estimates change.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cyries Energy Inc.
    Donald F. Archibald
    Chairman & C.E.O.
    (403) 262-9609
    (403) 262-0055 (FAX)