Detector Exploration Ltd.

March 24, 2005 10:55 ET

Detector Acquires Assets from Bigstick Energy Ltd. (Related Party Transaction)


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DETECTOR EXPLORATION LTD.

TSX VENTURE SYMBOL: DEX

MARCH 24, 2005 - 10:55 ET

Detector Acquires Assets from Bigstick Energy Ltd.
(Related Party Transaction)

CALGARY, ALBERTA--(CCNMatthews - March 24, 2005) - Detector Exploration
Ltd. (TSX VENTURE:DEX) ("Detector") announces that Detector has
completed the purchase of oil & gas assets from Bigstick Energy Ltd. on
the following terms:

(a) the purchase price is $90,000 with an adjustment date of January 1,
2005 payable all in cash;

(b) the assets involved are in the Ribstone area of Alberta, comprise a
total of 640 gross acres, 64 net acres and involve working interests of
between 10% increasing Detector's holdings in these properties to 50%;

(c) the assets include interests in 1 producing gas well;

Detector is an oil and gas corporation whose shares are listed for
trading on TSX Venture Exchange Inc. under the symbol DEX.

As of March 23, 2005 Detector has outstanding 9,288,701 Common Shares
and 580,000 options to acquire Common Shares. Detector's "public float"
(total shares outstanding less those held by directors, officers and 10%
shareholders and associates) has been calculated by Detector to be
2,826,730 shares.

The officer responsible for issuance of this press release and who may
be contacted for further information is:

Ronald E. Alexander, President

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Detector Exploration Ltd.
    Ronald E. Alexander
    President
    (403) 264-1880
    (403) 265-9105 (FAX)
    or
    Detector Exploration Ltd.
    Suite 1100, 520 - 5th Avenue S.W.
    Calgary, Alberta, T2P 3R7
    TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.