Flagship Energy Inc.

Flagship Energy Inc.

April 30, 2007 19:10 ET

Flagship Energy Inc. Announces Filing of its 2006 Year End Disclosure Documents

CALGARY, ALBERTA--(CCNMatthews - April 30, 2007) - Flagship Energy Inc. ("Flagship") (TSX VENTURE:FG.A)(TSX VENTURE:FG.B) today filed its Annual Information Form, which includes Flagship's reserves data and other oil and gas information for the year ended December 31, 2006 as mandated by National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators. A copy of Flagship's Annual Information Form may be obtained at www.sedar.com or by contacting Flagship.

Flagship is a Calgary, Alberta, Canada based crude oil and natural gas exploration, development and production company. The class A and class B shares of Flagship are traded on the TSX Venture Exchange under the symbols FG.A and FG.B, respectively.

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