Vision 2000 Exploration Ltd.
TSX VENTURE : VNN

Vision 2000 Exploration Ltd.

October 24, 2005 09:30 ET

Vision 2000 Exploration Ltd. Updates Activity

CALGARY, ALBERTA--(CCNMatthews - Oct. 24, 2005) - Vision 2000 Exploration Ltd. (TSX VENTURE:VNN) ("Vision") announces the Kaybob South 02/2-12-62-21W5 natural gas discovery drilled during the third quarter of 2005 in which Vision holds a 27.5% interest came on stream October 3, 2005. Production from the new well is currently averaging 1.25 mmcf/d gross (345 mcf/d net to Vision). The Company's Knappen production which was temporarily shut-in during the second quarter of 2005 for transportation issues has resumed production at 500 mcf/d (200 mcf/d net) and is expected to increase to 800 mcf/d (320 mcf/d net) once two additional wells are brought on stream during the fourth quarter of 2005.

Drilling plans for the fourth quarter of 2005 include two exploration wells at Knappen and Willesden Green and one development well at Kaybob. The Company's average working interest in the three wells is 40%.

Vision's shares trade on the TSX Venture Exchange under the symbol VNN. There are currently 8,082,244 shares issued and outstanding.

This press release may contain "forward looking information". Assumptions used may prove to be incorrect. Events or circumstances may cause results to differ materially from those predicted, a result of risks, uncertainties, and factors many of which are beyond the control of the Company. Readers are cautioned not to place undue reliance on the forward looking information.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

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