Longbow Resources Inc.
TSX VENTURE : LBR

Longbow Resources Inc.

January 30, 2008 17:25 ET

Longbow Resources Engages CB Securities

CALGARY, ALBERTA--(Marketwire - Jan. 30, 2008) - Longbow Resources Inc. (TSX VENTURE:LBR) ("Longbow" or the "Company") wishes to announce that it has retained CB Securities Inc. to assist Longbow in identifying and evaluating all available strategic alternatives available to the Company to maximize shareholder value. The Company believes that the current trading price of its shares does not reflect the underlying value of the Company's assets.

This review of strategic alternatives will include the consideration of a number of transactions, including a sale, merger or recapitalization of the Company. No decision on any particular alternative has been reached at this time and there can be no assurance that any transaction will be entered into or completed as a result of the engagement of CB Securities.

CB Securities (formerly Collins Barrow Securities Inc.) has extensive experience in divestitures, mergers and acquisitions in the oil and gas industry acting to optimize corporate value.

Longbow is a junior oil and natural gas company based in Calgary, Alberta with properties located in Alberta, British Columbia and Saskatchewan.

Certain statements contained herein may constitute forward-looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. We believe that the expectations reflected in the forward-looking statements are reasonable based upon management's current views but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. No assurance can be given that actual results, performance or achievement expressed in, or implied by these forward-looking statements will occur, or if they do, that any benefits may be derived from them. Past results have been applied in drawing a conclusion or making a forecast or projection set out in the forward-looking information. The term barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic fee per barrel (6mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions herein are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

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

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