Zapata Energy Corporation
TSX VENTURE : ZCO

Zapata Energy Corporation

November 21, 2006 09:30 ET

Zapata Corporate Presentation

CALGARY, ALBERTA--(CCNMatthews - Nov. 21, 2006) - Zapata Energy Corporation (TSX VENTURE:ZCO) announced that its President, George Paulus, will be presenting at investor forums in Victoria, Vancouver and Kelowna starting November 21, 2006. The locations and timing of the presentations is available at www.cnrgq.com.

Mr. Paulus's presentation will provide an update on Zapata's key areas, operations, internal reserve estimates and financial results. The presentation will be available on the Zapata Energy Corporation website www.zapata.ca contemporaneous with the beginning of the first presentation.

Zapata is a junior oil and gas production company operating in western Canada and trades on the TSX Venture Exchange under the symbol "ZCO".

This press release may include forward-looking statements which are statements other than of historical fact, such as information regarding drilling potential and production forecasts. Factors that could cause actual results to differ materially from our expectations include exploration and development risks, commodity prices and operating hazards. A barrel of oil equivalent (boe), derived by converting gas to oil in the ratio of six thousand cubic feet of gas to one barrel of oil, may be misleading, particularly if used in isolation. A boe conversion is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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

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