Compton Petroleum Prices Senior Note Offering

Compton Petroleum Corporation (TSX - CMT, NYSE - CMZ) has priced an offering of US$150 million in aggregate principal amount of 7 5/8% Senior Notes due 2013 (the "Notes") of Compton Petroleum Finance Corporation ("Compton Finance"), its wholly-owned subsidiary, in a private offering under Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act") and pursuant to applicable prospectus exemptions in Canada. The Notes will be issued under an indenture dated as of November 22, 2005 pursuant to which Compton Finance previously issued US$300,000,000 of 7 5/8% Senior Notes due 2013 (the "Original 7 5/8% Notes"). The Notes will bear interest at an annual rate of 7 5/8% and will be guaranteed by Compton and all significant subsidiaries of Compton, other than Compton Finance.

Compton intends to use the net proceeds from the offering to repay a portion of its outstanding debt under its senior secured credit facilities. The offering of the Notes is expected to close on or about April 4, 2006.

The offering of Notes will not be registered under the Securities Act, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The Notes issued in Canada pursuant to the private offering will be subject to an indefinite hold period in accordance with applicable securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful.

Compton is an Alberta-based independent public company actively engaged in the exploration, development and production of natural gas, natural gas liquids and crude oil in the Western Canadian Sedimentary Basin. Compton Finance is a corporation incorporated under the laws of the Province of Alberta, Canada and a wholly-owned subsidiary of Compton. Compton Finance has no independent operations and was formed solely for the purpose of issuing the Original 7 5/8% Notes.

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