Detector Exploration Ltd.

May 01, 2007 12:55 ET

Detector Announces Filing of Annual Disclosures

CALGARY, ALBERTA--(CCNMatthews - May 1, 2007) - Detector Exploration Ltd. (TSX VENTURE:DEX) announces that Detector has filed (through SEDAR) Detector's annual materials including:

(a) annual audited financial statements for the year ended December 31, 2006,

(b) Statement of Reserves Data and Other Oil & Gas Information (in Form 51-101F1).

Copies of all of these materials are available for viewing by electronic means from the SEDAR web site (

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

As of May 1, 2007 Detector has outstanding 11,918,701 Common Shares, and 590,000 options to acquire Common Shares. Additionally, Detector has determined that Detector's "public float" (the number of shares outstanding not held by directors, officers, promoters, 10% shareholders or their affiliates, spouses, and other associates and not under any hold period or escrow restrictions) is 5,736,585 based on information provided to Detector by its insiders.

The officer(s) responsible for issuance of this press release is:



No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forwardlooking statements". All statements other than statements of historical fact included in this news release, including, without limitation, statements regarding reserves, present value of future cash flow, exploration results, and future plans and objectives of Detector, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Detector's expectations are exploration risks, production risks and pricing risks detailed herein and from time to time in other filings made by Detector with securities regulators.

TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Detector Exploration Ltd.
    Ronald E. Alexander
    (403) 264-1880
    (403) 265-9105 (FAX)
    Detector Exploration Ltd.
    #650, 520 - 5th Avenue S.W.
    Calgary, Alberta
    T2P 3R7