Donnybrook Energy Inc. Reports 2010 Reserves at Delia, Pendant D'Oreille and Penhold

CALGARY, ALBERTA--(Marketwire - March 11, 2011) - Malcolm Todd, Chief Executive Officer of Donnybrook Energy Inc. (TSX VENTURE:DEI) reports the results of its reserves evaluation as at December 31, 2010, as evaluated by Fekete Associates Inc. ("Fekete") in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities. The reserve evaluation covers non-core interests that the Company holds in the Delia, Pendant D'Oreille and Penhold areas of Alberta. This reserves evaluation does not include an evaluation of the Company's reserves attributable to the Company's interest in wells drilled and completed since January 1, 2011 such that the Company's interest in any reserves attributable to its Resthaven and Simonette wells are not included in the reserves evaluation by Fekete as at December 31, 2010.

A summary of the Company's reserves volumes according to reserve category as at December 31, 2010 is as provided in the following table. Unless otherwise stated, the reserves information included in this news release is stated on a "company interest" basis, which represents Donnybrook's working interest (operated and non-operated) share of remaining reserves. Numbers presented in the table may not add exactly due to rounding.

BEFORE ROYALTY

		Natural Gas	Natural Gas Liquids
Reserves Category		(MMscf)	(Mstb)
Proved
	Producing	484	5.6
	Non-Producing	2	0
	Undeveloped	0	0
Total Proved		486	5.6
Probable		87	0.5
Total Proved plus Probable		573	6.1

AFTER ROYALTY

		Natural Gas	Natural Gas Liquids
Reserves Category		(MMscf)	(Mstb)
Proved
	Producing	447	3.6
	Non-Producing	2	0
	Undeveloped	0	0
Total Proved		449	3.6
Probable		81	0.4
Total Proved plus Probable		530	4.0

A summary of the Company's estimated future net revenues associated with Donnybrook's reserves as at December 31, 2010 based on the Fekete December 31, 2010 price forecast is provided in the following tables. The net present values estimated by Fekete do not represent the fair market value of the reserves. Numbers presented in the table may not add exactly due to rounding.

		Before Income Taxes Discounted at (%/year)
		0%		5%		10%		15%		20%
Reserves Category		(M$)		(M$)		(M$)		(M$)		(M$)
Proved
	Producing	1961.6		1619.3		1369.1		1181.2		1036.7
	Non-Producing	(0.7	)	(0.4	)	(0.3	)	(0.1	)	0
	Undeveloped	0		0		0		0		0
Total Proved		1960.9		1618.8		1368.9		1181.1		1036.7
Probable		370.7		26.7		190.7		143.0		109.8
Total Proved plus Probable		2331.6		1880.5		1559.6		1324.1		1146.5

 

Before Future Income Tax Expenses and Discounted at 10%
		Natural Gas(1)		Natural Gas(2)
		(M$)		($/Mcf)
Proved
	Developed Producing	1369.1		3.06
	Developed Non-Producing	(0.3	)	(0.15	)
	Undeveloped	-		-
Total Proved		1368.9		3.05
Probable		190.7		2.35
Total Proved plus Probable		1559.6		2.94

Notes:	(1)	Including NGL.
	(2)	Net present value of natural gas and NGLs ($) divided by total net gas reserves (Mcf)

Relevant portions of the Fekete December 31, 2010 price forecast used in the Company's reserves evaluation are as follows:

	Alberta AECO Average Price	Edmonton Propane	Edmonton Butane	US/Cdn Exchange Rate
Year	($Cdn/mmbtu)	($Cdn/STB)	($Cdn/STB)	($US/$Cdn)
2010	4.01	46.71	68.18	0.971
2011	4.15	48.10	65.60	0.980
2012	4.65	50.12	67.15	0.980
2013	5.40	52.50	69.10	0.980
2014	5.90	54.90	71.00	0.980
2015	6.45	57.05	72.50	0.980
Thereafter	+2%/year	+2%/year	+2%/year

ON BEHALF OF THE BOARD OF DONNYBROOK ENERGY INC.

Malcolm Todd, Chief Executive Officer

FORWARD-LOOKING STATEMENTS

Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"). By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Donnybrook's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, operational risks in exploration and development, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Donnybrook believes that the expectations in our forward-looking statements are reasonable, our forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking information. As such, readers are cautioned not to place undue reliance on the forward looking information, as no assurance can be provided as to future results, levels of activity or achievements. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Donnybrook does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.