First Calgary Responds to Rumors of a Sale

First Calgary Petroleums Ltd., in response to newspaper articles published in the UK, advises it has not appointed bankers to sell the Company. The Company does advise it has established a committee amongst its Board Members to consider strategic alternatives regarding the future development of the Company. The Company will make further announcements as developments warrant.

First Calgary Petroleums Ltd. is an oil and gas exploration company actively engaged in international exploration and development activities in Algeria. Our common shares trade on the Toronto Stock Exchange in Canada (FCP) and on the AIM market of the London Stock Exchange in the UK (FPL).