Horizon Industries Ltd.

Horizon Industries Ltd.

September 18, 2007 12:13 ET

Horizon Industries Ltd.: Additional 360 Acres Acquired at New Waverly Including Prospective Re-Entry Wells and Production Facilities

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2007) - Horizon Industries Ltd. (Horizon) (TSX VENTURE:HRZ), is pleased to announce that it has been informed by the operator of the New Waverly Prospect, Pan American Production Company, that a farm out agreement has been concluded on adjoining lands increasing the New Waverly Prospect by approximately 360 acres.

The new lands host up to five prospective shallow well locations similar to the Hammond #1 well including three re-entry prospects. Plans are in place to re-enter these existing well bores to test and develop prospective sands discovered in the Hammond #1 Well. Pan American has commenced construction of drilling locations for each of the three re-entry wells and a drilling rig is scheduled to move onto the first location within seven to ten days. Horizon has exercised its right to participate in these additional lands.

Also on the additional lands are existing production facilities for which a Use of Facilities Agreement has been concluded. These facilities have production capacity of up to 10 million cubic feet of natural gas per day and will be utilized for the production and sale of gas from the recently completed Hammond #1 well and subsequent wells to be drilled at the New Waverly Prospect. Access to these facilities represents significant savings in both time and money. Construction of the gas line from the Hammond #1 well to the tie in and production facilities is nearly completed and it is anticipated that sales from this well will commence within approximately one week.

The New Waverly Prospect comprises approximately 3,460 acres. Exploration potential exists in the Vicksburg/Jackson, Yegua, Cook Mountain, Wilcox, and Woodbine formations. Focus is currently centered on the shallow, lower risk Vicksburg/Jackson formations where the operator believes there are as many as 45 prospective well locations on the existing acreage.

Pan American Production Company, Inc.

Pan American is an oil and gas production company specializing in low risk oil and gas prospects where opportunity exists to generate high return through production enhancement and application of exploration techniques. Pan American currently holds production and prospects covering approximately 30,000 acres in Texas.

Horizon Industries Ltd.

Horizon Industries Ltd. is an emerging oil and gas exploration and production company building a high quality asset base in focused areas throughout the United States. For more information, please visit www.horizonindustriesltd.com.

On Behalf of the board of directors,

Christopher Wensley, President

WARNING: The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

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