Outlook Resources Inc.

Outlook Resources Inc.

September 12, 2005 16:32 ET

Outlook Debt Settlement

TORONTO, ONTARIO--(CCNMatthews - Sept. 12, 2005) - Outlook Resources Inc. (Outlook) (TSX VENTURE:OLR).

Outlook wishes to announce that, further to its press release dated August 5, 2005, is has settled a total of $58,878.42 owed to three arm's-length parties for principal plus accrued and unpaid interest on three convertible debentures by issuing a total of 872,272 common shares to these creditors at a price of $0.0675 per share. The shares will be legended and restricted from trading until January 9, 2005.

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

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