Reserves Increase 85% for Trafalgar Energy

Trafalgar Energy Ltd. reported its 2007 year end reserves as evaluated by GLJ Petroleum Consultants ("GLJ") in accordance with National Instrument 51-101 and an operational update. Trafalgar anticipates releasing its audited 2007 year end financial results on or about March 13, 2008.

Proved plus probable reserves increased 85% to 2,641 thousand barrels of oil equivalent ("mboe") from 1,429 mboe and proved reserves increased 86% to 1,689 mboe from 908 mboe during the year ended December 31, 2007. Approximately 87% of the Company's reserves, on a barrels of oil equivalent ("boe") basis, are natural gas. Trafalgar's proved plus probable reserve life index has increased 14% to 7.2 years as compared to 6.3 years one year ago.

Finding and development costs, including changes to future development capital, for the year ending December 31, 2007 are estimated to be $12.00 to $13.00 per boe on proved plus probable basis and $17.00 to $18.00 per boe on a proved basis. Comparable 2006 finding and development costs, including changes in future development capital, were $13.23 per boe on a proved plus probable basis and $22.18 on a proved basis.

Trafalgar's net undeveloped land holdings increased 63% during 2007 to approximately 114,000 net undeveloped acres. Trafalgar will continue to add to its high quality land and prospect inventory over the course of 2008.

Trafalgar estimates its December 31, 2007 before tax net asset value ("NAV") at $4.45 to $4.55 per share which is an increase of 10% to 15% as compared to our December 31, 2006 NAV of $3.97 per share calculated with the same approach. Trafalgar's December 31, 2007 NAV includes: (i) the NPV of proved plus probable reserves at a 10% discount rate, (ii) undeveloped land at an independently determined value of approximately $7.7 million, (iii) the cost of a new and currently unutilized compressor held in fixed assets, and (iv) net working capital balances.