Texalta Petroleum Ltd.

Texalta Petroleum Ltd.

September 10, 2008 09:00 ET

Texalta Spuds Deep Test at Wildwood, Saskatchewan

CALGARY, ALBERTA--(Marketwire - Sept. 10, 2008) - Texalta Petroleum Ltd. ("Texalta") (TSX VENTURE:TEX.A) is pleased to report that its deep test at Wildwood, Saskatchewan spudded on Tuesday September 9, 2008. It is anticipated that it will take 19 days to reach total depth at 2500 meters.

The prospect has multi-zone potential and the most important targets are the Winnipegosis reef at 2000 meters, the Ordovician Red River at 2250 meters and the Ordovician Winnipeg Sand at 2350 meters.

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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