Fairborne Energy Ltd.

Fairborne Energy Ltd.

March 31, 2005 08:00 ET

Fairborne Energy Files Renewal Annual Information Form Including Year End Reserves Disclosure


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FAIRBORNE ENERGY LTD.

TSX SYMBOL: FEL

MARCH 31, 2005 - 08:00 ET

Fairborne Energy Files Renewal Annual Information Form
Including Year End Reserves Disclosure

CALGARY, ALBERTA--(CCNMatthews - March 31, 2005) - Fairborne Energy Ltd.
(TSX:FEL) ("Fairborne") announced today that it has filed its Renewal
Annual Information Form ("AIF") for the year ended December 31, 2004,
which includes the disclosure and reports related to reserves data and
other oil and gas information required pursuant to National Instrument
51-101 of the Canadian Securities Administrators. Copies of the AIF can
be accessed through SEDAR at www.sedar.com or through Fairborne's
website at www.fairborne-energy.com.

Fairborne is a publicly traded company with its head office in Calgary
and is engaged in the business of acquiring crude oil and natural gas
properties and exploring for, developing and producing crude oil and
natural gas in Western Canada.

Forward Looking Statements - Certain information regarding Fairborne set
forth in this document, including management's assessment of Fairborne's
future plans and operations, contains forward-looking statements that
involve substantial known and unknown risks and uncertainties. These
forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond Fairborne's control,
including the impact of general economic conditions, industry
conditions, volatility of commodity prices, currency fluctuations,
geological and engineering risks, imprecision of reserve estimates,
environmental risks, competition from other producers, the lack of
availability of qualified personnel or management, stock market
volatility and ability to access sufficient capital from internal and
external sources. Fairborne's actual results, performance or achievement
could differ materially from those expressed in, or implied by, these
forward-looking statements and, accordingly, no assurance can be given
that any events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits that
Fairborne will derive therefrom.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Fairborne Energy Ltd.
    Richard A. Walls
    President and Chief Executive Officer
    (403) 290-7750
    Email: rwalls@fairborne-energy.com
    or
    Fairborne Energy Ltd.
    Robert A. Maitland
    Vice President, Finance and Chief Financial Officer
    (403) 290-7750
    (403) 290-7724 (FAX)
    Email: rmaitland@fairborne-energy.com