Nexstar Energy Ltd.
TSX VENTURE : NXE.A
TSX VENTURE : NXE.B

Nexstar Energy Ltd.

August 22, 2006 08:30 ET

Nexstar Energy to Commence Trading

CALGARY, ALBERTA--(CCNMatthews - Aug. 22, 2006) - Nexstar Energy Ltd. ("Nexstar" or the "Company") (TSX VENTURE:NXE.A) (TSX VENTURE:NXE.B)is pleased to announce that the TSX Venture Exchange (the "TSXV") today issued a bulletin to list the securities of Nexstar for trading commencing on August 23, 2006. The Company's shares will be listed under the symbols NXE.A and NXE.B for the Class A Shares and Class B Shares, respectively.

Nexstar also announces that the Board of Directors approved the granting of stock options to officers, directors, employees and consultants of the Company. Options to purchase 903,998 Class A Shares were issued by Nexstar on August 1, 2006 with an exercise price of $0.35 per share and for a term of five years with standard vesting provisions.

Nexstar Energy is an emerging junior oil and gas company focused on the exploration, development and exploitation of oil and natural gas reserves in western Canada.

ADVISORY: Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with oil and gas exploration, production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, imprecision of reserve estimates, environment risks, competition from other producers and ability to assess sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.

9,040,000 Class A Shares

1,044,000 Class B Shares

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

Contact Information

  • Nexstar Energy Ltd.
    Peter A. Carwardine
    President and CEO
    (403) 263-6133 ext. 201
    (403) 263-3629 (FAX)
    Email: peterc@nexstar-energy.com
    or
    Nexstar Energy Ltd.
    Brian J. Spilchen
    Vice-President Finance and CFO
    (403) 263-6133 ext. 202
    (403) 263-3629 (FAX)
    Email: brians@nexstar-energy.com
    or
    Nexstar Energy Ltd.
    603 - 7 Avenue SW, Suite 525
    Calgary, Alberta T2P 2T5