Texalta Petroleum Ltd.

Texalta Petroleum Ltd.

April 30, 2007 18:56 ET

Texalta Petroleum Ltd.: Wordsworth Drilling Underway

CALGARY, ALBERTA--(CCNMatthews - April 30, 2007) - Texalta Petroleum Ltd. ("Texalta") (TSX VENTURE:TEX.A) would like to advise Shareholders that drilling operations at Wordsworth, Saskatchewan on a new horizontal well know as the Texalta et al Wordsworth E. HZ 3B9-23 / 3A11-14-7-3 W2 are now underway. The Company anticipates that this well will be similar to the first horizontal well drilled in May 2006 which averaged over 200 bbl/d during the first 6 months of production. This new well is the first in a series of wells planned for this area over the next 2 years. Drilling operations should take approximately 7 - 10 days and results will be released as they become available. Texalta is the Operator with a 47.5 percent working interest.

Road bans have now been lifted near the Petrex Texalta Queensdale W. HZ 4A9-25 / 3A15-25-6-2 W2 horizontal well at West Queensdale which was drilled in March 2007. Arrangements are underway to have a service rig moved on to the site to begin swabbing and production testing. Texalta holds a 25.55 percent working interest in this well.

TEX.A is engaged in the exploration, acquisition and development of prospective oil & gas properties in Saskatchewan and Alberta, Canada. The company currently has working interests ranging from 16.05% to 71.60% in 8800 acres of land and 13 producing oil wells in Saskatchewan with plans for several new wells in 2007. In addition, Texalta holds a 100% working interest in two exploration permits covering in excess of 5.5 million acres of prospective land in the Georgina Basin, Northern Territory, Australia.

This press release may include certain forward-looking statements. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated.

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

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