March Resources Corp.

March Resources Corp.

October 05, 2005 09:00 ET

March Resources Corp. Corporate Update

CALGARY, ALBERTA--(CCNMatthews - Oct. 5, 2005) - March Resources Corp. (TSX VENTURE:MCF) ("March") announces that it has ceased negotiations with respect to obtaining Rhonda Corp.'s interest in the Tree 1 Claim at Knife Lake. Through the due diligence process, March determined that it was prudent to forego this opportunity at this time. The private placement that was previously announced as part of the Tree 1 Claim acquisition has been cancelled.

Ms. Torrie Chartier has resigned from her position as a director and an officer of March, effective immediately. All obligations to Ms. Chartier, including the issuance of common shares of March related to the completion of the transaction with Rhonda Corp. have been terminated. Mr. Howard Coopersmith has resigned from the Board of Directors effective immediately, and his vacancy on the Board will be filled by Mr. Dale Owen, currently the Chief Financial Officer of the March.

The Directors of the Corporation are Edward A. Schiller, Timothy L. Campbell, David M. Antony, and Dale Owen.

Subject to regulatory approval, the Corporation intends to proceed with the granting of 150,000 stock options to three of its Directors at an exercise price of $0.30 per share, valid for a period of five years.

March has begun to evaluate international resource opportunities.

The above contains forward looking statements and the transactions proposed may not be completed as described, or at all. Trading in the securities of March should be considered highly speculative.

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

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