Superior Canadian Resources Inc.

Superior Canadian Resources Inc.

March 15, 2007 08:30 ET

Superior Canadian Revises Placement in Ontario Financing by Appointing an Agent

CALGARY, ALBERTA--(CCNMatthews - March 15, 2007) - Superior Canadian Resources Inc. (TSX VENTURE:CAD) today announced that the financing reported in its press release dated February 28, 2007, has been revised for Ontario with the appointment of an agent.

Union Securities Ltd. (the "Agent") has agreed, subject to satisfactory due diligence, to act as agent for the private placement of flow-through units in Ontario to raise up to $1,500,000. The agent will receive a cash commission of 10% of the gross proceeds that it raises pursuant to this offering plus an option to purchase that number of units equal to 10% of the number of units sold exercisable at a price of $0.10 for a period of 24 months following the closing of the offering.

Each flow-through unit ($1,000.00) will consist of 6,000 flow-through common shares at $0.125 and 2,500 common shares at $0.10 and 4,250 common share purchase warrants. Each warrant will entitle the holder to purchase one common share of the Corporation at a price of $0.20 per share for a period of 24 months following the closing of the Offering.

As previously announced in Press Release # 01-2007 dated February 28, 2007, Union Securities Ltd. has also agreed to act as agent for an offering by the Corporation pursuant to a Short Form Offering Document in Alberta, British Columbia, Saskatchewan, Manitoba and Nova Scotia.

About Superior Canadian Resources Inc.

Based in Calgary Alberta, The Company has two mineral exploration projects (nickel, platinum, palladium, copper & gold) in Northwestern Ontario and through its wholly-owned oil & gas subsidiary, Koro Energy Inc., has revenue generating interests in oil & gas projects in Alberta and Montana.

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Shares Outstanding: 17,970,468

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

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