Sabretooth Energy Ltd.
TSX : SAB

Sabretooth Energy Ltd.

January 29, 2008 19:23 ET

Sabretooth Energy Ltd. Notice of Intention to Purchase Shares

CALGARY, ALBERTA--(Marketwire - Jan. 29, 2008) - Sabretooth Energy Ltd. ("Sabretooth" or the "Corporation") (TSX:SAB) announces that it has filed with the Toronto Stock Exchange ("TSX") a notice of intention to make normal course purchases of its common shares (the "Notice"). The TSX has accepted the Notice.

Sabretooth currently has 39,192,072 common shares issued and outstanding. Under this normal course issuer bid Sabretooth may purchase up to 1,959,604 of the common shares of Sabretooth, representing approximately 5% of the issued and outstanding common shares of Sabretooth and Sabretooth's maximum daily purchases will be limited to 21,089 common shares. Purchases of common shares will commence on January 31, 2008 and will terminate on January 30, 2009, or on such earlier date as Sabretooth may complete its purchases pursuant to the Notice. Purchases will be made in the open market through the facilities of the TSX in accordance with its rules and policies. The price that Sabretooth will pay for any such common shares will be the market price of such common shares at the time of acquisition. Common shares purchased will be cancelled.

Sabretooth believes that the current trading price of its common shares does not reflect the value of such shares in relation to Sabretooth's business and its future business prospects. Accordingly, Sabretooth believes that the commencement of the normal course issuer bid represents an opportunity to create value for shareholders, is in the best interests of Sabretooth and its shareholders and is an appropriate use of Sabretooth's funds.

To the knowledge of Sabretooth, no director, officer or other insider of Sabretooth intends at present to sell any common shares during the period of this bid.

Sabretooth is a public oil and gas exploration and development company, located in Calgary, Alberta and carrying out operations in Western Canada. Sabretooth trades on the TSX under the symbol "SAB". Sabretooth's mandate is to grow through a balanced approach of drill bit adds, accretive acquisitions, and aggressive exploitation of upside.

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