Everest Energy Corporation
TSX VENTURE : EVV

May 30, 2005 18:06 ET

Everest Energy Corporation First Quarter 2005 Financial Results

CALGARY, ALBERTA--(CCNMatthews - May 30, 2005) - Everest Energy Corporation ("Everest" or the "Company") (TSX VENTURE:EVV) announces the release of its financial results and Management Discussion and Analysis for the three months ended March 31, 2005.

The Company recorded a net loss of $94,900 or $0.01 per share (2004 - loss of $86,562 or $0.01 per share) during the first quarter of 2005.

All of these documents can be found on SEDAR at http://www.sedar.com.

As announced May 24, 2005, the Company is proceeding with a proposed amalgamation with Westbow Energy Inc. Completion of the transaction is subject to a number of conditions, including but not limited to acceptance by the TSX Venture Exchange and disinterested shareholder approval.

Everest Energy Corporation is an exploration and development company focused on low to medium risk oil and natural gas opportunities in western Canada.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.

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