Superior Canadian Resources Inc.

Superior Canadian Resources Inc.

April 26, 2007 11:39 ET

Superior Canadian Revises Warrant Prices and Provides an Update as to Planned Summer Work Program

CALGARY, ALBERTA--(CCNMatthews - April 26, 2007) - Superior Canadian Resources Inc. (TSX VENTURE:CAD) today announced that the Board of Directors has elected (subject to regulatory approval) to re-price existing warrants that currently expiry date of May 02, 2007.

The warrants 2,524,500 (one share per warrant) in total, were at an exercise price of $ 0.20 per warrant, have been changed to an exercise price of $ 0.11 per warrant with the expiry date to remain as of May 02, 2007.

Superior currently owns the option on 27 staked claims, which adjoin a past producing gold mine, in the O'Sullivan Lake area which is situated approximately 300 km north east of Thunder Bay Ontario and is accessible via a local road network.

Basic grass roots prospecting, sampling and mapping have been performed over the past three years and the project currently has a number of diamond drill targets identified.

The company has engaged independent consultants to review historic and company generated data. The recommendations include additional prospecting / mapping / sampling and state-of-the art geophysical survey. This work will focus on refining tools to aid in the identification of the existence of structure / rock and gold mineralization similar to the past producing O'Sullivan Lake Mine. This summer work program will concentrate on defining diamond drill targets to be tested in late summer 2007.

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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