Testudo Oil & Gas Exploration Ltd.

April 25, 2007 11:48 ET

Testudo Oil & Gas Exploration Ltd. Announces Commencement of Trading

CALGARY, ALBERTA--(CCNMatthews - April 25, 2007) - Testudo Oil & Gas Exploration Ltd. (TSX VENTURE:TG.P) ("Exploration"), a Capital Pool Company as defined by Policy 2.4 ("CPC Policy") of the TSX Venture Exchange Inc. ("Exchange"), wishes to advise that the delay in commencement of trading of the common shares of Exploration has been due to management's belief that Exploration was close to entering into an Agreement in Principle to acquire a business or assets which would reasonably appear to constitute a Qualifying Transaction (as defined by the CPC Policy). Upon review of the affairs of the target, it appears as though the target would not reasonably appear to meet minimum listing requirements necessary to constitute a Qualifying Transaction. Exploration is not bound by any Agreement in Principle. Trading will commence on April 26, 2007.

The Corporation is a Capital Pool Company as defined by the CPC Policy of the Exchange and is subject to and governed by the restrictions of the CPC Policy. To date, the Corporation has not conducted operations of any kind. On behalf of the Board and as President, Joseph W. Worobec.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release.

Contact Information

  • Testudo Oil & Gas Exploration Ltd.
    Joseph W. Worobec
    (403) 265-4122
    (403) 265-4138 (FAX)