Midnight Oil Exploration Ltd.

Midnight Oil Exploration Ltd.

March 21, 2006 15:18 ET

Midnight Oil Exploration Ltd. Files its 2005 Year End Disclosure Documents on SEDAR

CALGARY, ALBERTA--(CCNMatthews - March 21, 2006) - Midnight Oil Exploration Ltd. (TSX:MOX)("Midnight") filed its audited financial statements and accompanying notes for the periods ended December 31, 2005 and 2004 and related Management's Discussion and Analysis with Canadian Securities regulatory authorities. Midnight has also filed its Annual Information Form which includes Midnight's reserves data and other oil and gas information for the period ended December 31, 2005 as mandated by National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators. Copies of Midnight's 2005 year end disclosure documents may be obtained on www.sedar.com or on the Company's web site, www.midnightoil.ca or by emailing the Company at ir@midnightoil.ca.

Midnight is a publicly listed junior oil and gas exploration and development company that internally creates opportunities. Midnight is focused on drilling exploration and development prospects in its new, light oil, core area in Red Earth and its large prospect inventory in the Peace River Arch and West Central Alberta. The Company strives to maintain a risk balance between exploration, development and exploitation projects combined with strategic acquisition opportunities that meet Midnight's business parameters and targets to deliver above average results to Midnight shareholders. Midnight's shares trade on the TSX under the symbol "MOX".

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