SOURCE: Suncrest Energy

November 22, 2005 08:45 ET

SUNCREST ENERGY Enters Into Discussions to Acquire Additional Oil Reserves

TORONTO -- (MARKET WIRE) -- November 22, 2005 -- SUNCREST ENERGY (OTC: SNYY), which specializes in oil and gas exploration and drilling, is completing negotiations with several Russian oil companies for development sites and existing exploration. These will result in exclusive contract agreements with the owners of Russian Oil reserves in the North Sorokinskiy License Area. This area includes the three oil fields Dmitrovskaya, Krutikhinsko-Zhelninskaya and Tikhanininskaya,

"These properties in the Soviet Union represent a significant amount of proven reserves," said David Alexander, Chairman. "We are very excited to have the opportunity to work with these companies and to bring additional reserves that will prove to be an valuable asset to SUNCREST and its shareholders."

About SUNCREST ENERGY

Founded in Toronto, Canada, SUNCREST ENERGY (OTC: SNYY) is engaged in oil and gas exploration and drilling programs for itself and other companies. Our goal is to become a major player in the development of worldwide natural resources to benefit our shareholders and the communities where we operate.

Forward-Looking and Cautionary Statements

Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. SUNCREST ENERGY undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. SUNCREST ENERGY and the SUNCREST ENERGY logo are trademarks or registered trademarks.

www.s-crest.com

Contact Information

  • David Alexander
    President
    3266 Yonge Street, Suite 1208
    Toronto, Ontario M4N 3P6