TriOil Ltd.
TSX VENTURE : TRY

TriOil Ltd.

May 31, 2005 09:42 ET

TriOil Ltd. Announces First Quarter Results

CALGARY, ALBERTA--(CCNMatthews - May 31, 2005) - TriOil Ltd. (TSX VENTURE:TRY) is pleased to announce its operating and financial results for the three months ended March 31, 2005 and related management's discussion and analysis. These documents are available on the System for Electronic Document Analysis and Retrieval (SEDAR) http://www.sedar.com and on TriOil's website http://www.trioil.ca.

TriOil Ltd. is a Calgary based company engaged in exploration, development and production of oil and natural gas.

For more information on TriOil and to receive future news releases, reports and Company filings via email, please visit the company's website, http://www.trioil.ca.

Certain information regarding TriOil contained herein may contain forward-looking statements including expectations of future production, cash flow and earnings. 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. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projects relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from the potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors that could affect TriOil's operations or financial results are included in the reports on file with Canadian securities regulatory authorities which can be accessed at http://www.sedar.com or on the TriOil website at http://www.trioil.ca.

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

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