Court-Ordered Adjournment Stalls First Calgary Reorder

First Calgary Petroleums Ltd. announces that the annual and special meeting of shareholders of First Calgary scheduled to be held in Calgary, Alberta on April 8, 2008 has been adjourned to April 18, 2008 by order of the Court of Queen's Bench of Alberta. The adjourned meeting will be held at 10:00 a.m. (Calgary time) in the Imperial Ballroom at the Hyatt Regency, 700 Centre Street SE, Calgary, Alberta.

The Court ruled that the letter from the Minister of Energy and Mines of the Government of Algeria expressing deep concerns about the proposed Board changes at First Calgary and that he would look negatively at any changes at this critical time was a new material fact that the First Calgary shareholders needed time to assess in deciding how to vote.

Proxies previously submitted in connection with the meeting scheduled for April 8, 2008 will be voted in accordance with their instructions unless revoked. If shareholders wish to revoke their original proxies, new proxies for the adjourned meeting must be deposited, mailed or faxed so as to be deposited at the office of our transfer agent, Computershare Trust Company of Canada, by mail to 9th Floor, 100 University Avenue, Toronto, Ontario M5J 2Y1, or by fax to (416) 263-9524 or 1 866-249-7775 no later than 10:00 a.m. (Calgary time) on Wednesday, April 16, 2008 or, in the case of any adjournment or postponement of the meeting, no later than 48 hours (excluding Saturdays and holidays) before the time of such reconvened meeting. Beneficial shareholders may revoke their original proxy or voting instructions given to an intermediary by notifying such intermediary in accordance with the intermediaries' instructions.

March 5, 2008 will remain the record date for the adjourned meeting.