March Resources Corp.

March Resources Corp.

May 05, 2008 16:22 ET

March Resources Corp. Appoints New Director

CALGARY, ALBERTA--(Marketwire - May 5, 2008) - March Resources Corp. ("March") (TSX VENTURE:MCF) March is pleased to announce that Mr John McLeod has joined the board of directors March. Mr. McLeod is a professional engineer and he graduated with a BSc. In Mechanical Engineering from the University of New Brunswick and spent 15 years with Amoco Canada in Alberta and the USA, including 4 years as Chief Engineer. Subsequently he has been involved as an officer and/or director of small Canadian companies with both domestic and international operations. In addition to projects in China, Papua New Guinea, India, Georgia, Guinea and Oman, he was heavily involved in the Sudan Petroleum Project from 1991-1997 and was recently President & CEO of Rally Energy Corporation with projects in Prince Edward Island, Pakistan and Egypt. John is currently President of California Oil & Gas Corporation, with projects in California and Louisiana, a director of Heritage Oil Corporation (Uganda, Russia, Congo and Oman ) and Keeper Resources ( Vietnam).

Mr. McLeod is a member and also the current Past President of the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA).

In addition, March is granting a total of 200,000 options at a price of $0.60 per common share to Mr McLeod.

March also announces that the Corporation has filed its Annual Financials and Management Discussion and Analysis for the year ended December 31, 2007. The Corporation has also filed its Form 51-101F1 - Statement of Reserves Data and Other Oil and Gas Information, Form 51-101F2 - Report on Reserves Data by Independent Qualified Reserves Evaluator, and Form 51-101F3 - Report of Management and Directors on Oil and Gas Disclosure, under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. The oil and gas information is included in the Initial Annual Information Form filed by the Corporation on April 25, 2008. Such filings can be accessed electronically from the SEDAR website at

Trading in the securities of the Corporation should be considered highly speculative.

Safe Harbour

Statements in this press release may contain forward-looking information including expectations of future operations, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income and oil taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the oil and gas industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The information contained above related to the drilling results are subject to a number of qualifications and assumptions, and discloses no reserves of any nature. Prospective resources are those quantities of oil and gas estimated on a given date to be potentially recoverable from undiscovered accumulations. Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects.

There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. The reader is cautioned not to place undue reliance on this forward-looking information.

The TSX-Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.

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