Curlew Lake Resources Inc. (TSX VENTURE: CWQ)(PINK SHEETS: CWLXF) is pleased to announce that the battery facilities for the 13-30 well (Curlew - 25 percent working interest) in the Fosterton project have been completed. The well is now on production and stabilized production results will be released as soon as they are available from the operator. The well was tested in May 2006 at rates as high as 167 barrels of medium gravity oil per day. This well is expected to put Curlew Lake in a net income position for the first time in corporate history. Studies indicate the additional lands held by the partners offsetting this well have the potential for a further 3-4 wells.
Curlew Lake also wishes to update shareholders on the Metis Natural Gas Project due to commence drilling in the next 30-60 days. Curlew Lake has forwarded the initial funds called for by the operator, to obtain the surface leases, obtain the well licenses and prepare access roads and well sites. Based on conservative estimates a production rate in the range of 6-10 mmcf/day in total is expected for the initial 8 well program (approx. 330- 550 BOE net to Curlew Lake). The drilling portion of the initial program will take about 4-6 weeks to complete. The plans provide for the initial wells to be in production prior to year-end.
The Company has published to the corporate website a presentation giving an overview of the Metis project in Alberta. For additional information or to be added to the corporate mailing list please visit the following page http://www.curlew-lake.com/curlew/mail.html
On Behalf of the Board of Directors "Robert B. Pincombe" President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.