Texalta Petroleum Ltd.

Texalta Petroleum Ltd.

October 15, 2008 16:51 ET

Texalta Petroleum Ltd. Announces Annual Reserves Filing

CALGARY, ALBERTA--(Marketwire - Oct. 15, 2008) - Texalta Petroleum Ltd. ("Texalta") (TSX VENTURE:TEX.A) is pleased to announce that it has filed with Canadian securities regulatory authorities the Corporation's reserves data and other oil and gas information required under National Instrument 51-101. These filings are available for review at www.sedar.com.

TEX.A is a Calgary based company engaged in the exploration, acquisition and development of prospective oil & gas properties in Saskatchewan and Alberta, Canada. The company's wholly owned subsidiary, Texalta Australia Pty. Ltd. holds 100 percent working interest in two exploration permits covering in excess of 5.5 million acres of prospective land in the Georgina Basin, Northern Territory, Australia.

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

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