Fair Sky Resources Inc.
TSX VENTURE : FSK

Fair Sky Resources Inc.

December 28, 2006 15:48 ET

Fair Sky Resources Inc. Announces Positive Results With Third Moose Jaw Well

CALGARY, ALBERTA--(CCNMatthews - Dec. 28, 2006) -

(NOT INTENDED FOR DISSEMINATION IN THE UNITED STATES)

Fair Sky Resources Inc. ("Fair Sky") (TSX VENTURE:FSK) is pleased to report that the second well of a four well program has now been drilled and cased approximately 6 miles south west of the town of Moose Jaw. The positive results indicated through gas detection and log analysis delineates the extension of a gas strike area from the previous wells drilled 2 miles east of the town. The company has begun drilling a third well 4 miles east of this second well and has licensed a fourth well 4 miles north of Moose Jaw. A completion program is expected to commence in early 2007 once the last two wells of the program have been drilled. Once the current 4 well program has been completed, Fair Sky will have drilled a total of 5 wells into this play in the Moose Jaw area.

Certain information in this news release, including management's assessment of future plans and operations, number of locations in drilling inventory and wells to be drilled, timing of drilling and tie-in of wells, productive capacity of the new wells and productive capacity from different wells, costs, timing and other matters, may constitute forward-looking statements under applicable securities laws. Such forward looking statements necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, wells not performing as expected. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could effect Fair Sky's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website at www.sedar.com . The forward-looking statements contained in this news release are made as at the date of this news release and Fair Sky does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

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

Contact Information

  • Fair Sky Resources Inc.
    Tim Kemp
    President, CEO
    (403) 264-5337
    or
    Fair Sky Resources Inc.
    Jasmine Smith
    Sr. Manager, Investor Relations
    (403) 264-5337
    Email: ir@fairskyresources.com