March Resources Corp.
TSX VENTURE : MCF

March Resources Corp.

March 28, 2008 09:16 ET

March Resources Corp. Completes Drilling of Pica #1 Well

CALGARY, ALBERTA--(Marketwire - March 28, 2008) - March Resources Corp. ("March") (TSX VENTURE:MCF) is pleased to announce that Pica #1 has reached its total depth of approximately 3,110 meters. The well is currently being prepared for logging and will be logged over the next few days. Once logging operations are complete and the logs have been analyzed, the identified prospective zones will be perforated with the drilling rig on site and flowed if possible. At this time there will not be sufficient equipment on the site to fracture stimulate the zones or to properly flow test them. Once a stimulation program has been finalized, the necessary equipment will be procured and mobilized to the site. A full testing program will be conducted at the same time. Testing and analysis of the gas samples and drill cuttings taken from the bottom section of the well are also currently being completed.

The results of the logging and completion programs will be released by March as they become available. It is anticipated that the logging and perforating operations will take approximately 14 days to complete.

March intends to complete Pica #1 and move immediately to the drilling of Pica #2. The well site construction for Pica # 2 has been completed and March anticipates that Pica #2 will spud within 10 days of the completion of the testing of Pica #1. March has also begun preliminary work to drill a third well in the Pica North Block. March has a 100% interest in both the Pica North and Pica South Blocks which in total cover 2.5 million acres.

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

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