New Shoshoni Ventures Ltd.

New Shoshoni Ventures Ltd.

March 19, 2008 09:02 ET

New Shoshoni Ventures Ltd.: Initial Natural Gas Exploration Well Encounters Hydrocarbons

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2008) - New Shoshoni Ventures Ltd. (the "Company") (TSX VENTURE:NSV)(FRANKFURT:NWV) is pleased to announce that it has completed drilling of the 16-25-79-17 W6M well located in the Sunrise Natural Gas Field. Drilling was completed on March 11, 2008 at 21:00 hours. The well was drilled to a depth of 1285 meters and was subsequently logged and evaluated for hydrocarbon shows. The logs indicated hydrocarbons to be present in both the Paddy and Bluesky formations.

The Paddy formation was contacted at 775 metres and showed 4.5 meters of crossover, the Bluesky was encountered at 1240.5 meters, showing 7.5 meters of crossover, respectively, on the Compensated Neutron PEL Density Log. After logging was completed, the well was cased as a potential Bluesky and Paddy natural gas well.

The Company expects to complete both zones and production test the well when a Service Rig and Fracing Unit can be contracted and moved on to the location. This is anticipated to take place during the month of April. Well test data, including flow rates, will be announced when available.

The Company holds an option to earn a 65% interest (100% before pay-back) in a total of four sections in the Sunrise Region by drilling one exploration well per section. The company expects to drill an initial exploration well on each of the remaining three sections over the summer of 2008 to take advantage of the OGC summer drilling credits and in order to earn the remainder of its interest in these sections. Since the initial exploration well has encountered hydrocarbons at the Bluesky level, each additional exploration well will be drilled to the depth of the Bluesky formation. Maximum allowable well spacing in this region is 4 wells per section.

About the Sunrise Natural Gas field:

The Sunrise Natural Gas Field, located in Northeastern British Columbia, is known to host commercial quantities of hydrocarbons. Production data from other operators in the area indicates that both the Paddy and Bluesky, as well as other formations, produce in commercial quantities. Infrastructure related to exploration and production is excellent in the region. Companies with production in the Sunrise area include Crescent Point, Daylight Energy, Encana, GNP Oil and Gas, Pegasus Oil and Gas Inc., Petro-Canada, Pienza Petroleum Inc., and Terra Energy Corp. A gathering system for natural gas is in place nearby. Access to the properties is excellent, being located on farm land which has very limited relief. The Alaska Highway, a major arterial route in the region, and the City of Dawson Creek are nearby.

Robert (Bob) Redford P. Geol. Eng., a director of the company and a Qualified Person pursuant to NI 51-101 has reviewed and approved the technical content of this news release.

The Company continues to evaluate other potential opportunities in the oil and gas sector.

Additional information on New Shoshoni is available on Shoshoni's website at


Ralf Hillebrand, President

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

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