Everest Energy Corporation
TSX VENTURE : EVV

August 29, 2005 22:19 ET

Everest Energy Corporation Second Quarter 2005 Financial Results

CALGARY, ALBERTA--(CCNMatthews - Aug. 29, 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 and six month period ended June 30, 2005.

The Company recorded a net loss of $87,754 or $0.01 per share (2004 - loss of $63,848 or $0.00 per share) during the second quarter of 2005

These documents can be found on SEDAR at 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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