PetroWorth Resources Inc.
TSX VENTURE : PTW

PetroWorth Resources Inc.

October 24, 2005 09:00 ET

PetroWorth Resources Inc. Commences Trading and Provides Update on Activities

CALGARY, ALBERTA--(CCNMatthews - Oct. 21, 2005) - PetroWorth Resources Inc. (TSX VENTURE:PTW) ("PetroWorth") is pleased to provide this update on the company's activities.

PetroWorth recently completed a $5.59 million Initial Public Offering before issue costs and commenced trading on the TSX Venture Exchange on October 18, 2005.

PetroWorth is in the process of securing a drilling rig in order to commence an exploration drilling program onshore PEI. The company plans to drill on acreage which in October 2004 was evaluated with a 110 sq km 3D seismic program.

In addition to its drilling program PetroWorth has plans to acquire 2D seismic data on its undeveloped acreage in New Brunswick and Cape Breton in 2006. Additional 2D seismic is planned on PEI in order to evaluate exploration permits that were secured in early 2005.

PetroWorth continues to seek potential farm out opportunities for selected properties.

PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive properties onshore in eastern Canada. The company has acquired approximately 345,000 ha of exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. For more information about the company, please visit our website at www.petroworth.com.

ADVISORY: Certain information regarding PetroWorth, including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involves risks associated with oil and gas exploration, volatility of prices, currency fluctuations, environmental risks, competition for other explorers and ability to access sufficient capital from external sources. As a consequence, actual results may vary materially from those anticipated in the forward-looking statements.

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

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