Husky Files Debt Shelf Prospectus

Husky has filed a debt shelf prospectus with the Alberta Securities Commission and the U.S. Securities and Exchange Commission, effective February 27, 2009.

The shelf prospectus will enable Husky to offer up to U.S. $3.0 billion of debt securities in the United States until March 27, 2011. The shelf prospectus will provide Husky with the ability to efficiently access the U.S. debt capital markets and enhance liquidity and financial flexibility.

During the 25 month period that the prospectus remains effective, debt securities may be offered in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying prospectus supplement.