Brek Energy Announces 2004 Year-End Proved Reserves.

LONDON -- Brek Energy Corporation (PINK SHEETS:BREK) is pleased to announce that its estimated 2004 year-end proved reserves were approximately 6.8 Bcf of natural gas and 51,495 barrels of condensate. Approximately 14% of total reserves are categorized as proved developed and 86% are proved undeveloped. In accordance with SEC guidelines, reserve estimates do not include any probable or possible reserves that may exist for Brek Energy's properties.

Brek's estimated, pre-tax future net cash flows discounted at 10% (commonly known as the SEC PV-10 figure) for proved reserves at year end was $5.7 million. The 2004 PV-10 calculation used net year-end commodity prices of $5.24 per million British thermal units (MMBtu) of natural gas and $42.25 per barrel of crude oil (Bbl). Reserve estimates are engineered by independent reservoir engineering consultants, Netherland Sewell and Associates, and conform to the definition as set forth in the SEC Regulation S-X Part 210.4-10 (a) as clarified by subsequent Commission Staff Accounting bulletins. The proved reserves are also in accordance with Financial Accounting Standards Board Statement No. 69 requirements.

"We are extremely pleased to announce our 2004 year-end reserves results. With this important information now in hand, we are in a solid position to complete our financial audits and bring Brek Energy up to date as a fully reporting company. We also look forward to commenting on our operations in the very near future," stated Richard Jeffs, President of Brek Energy.

About Brek Energy Corporation

Brek Energy Corporation is an exploration and development company with interests in non-conventional oil and gas resources in Texas and the Rocky Mountains. Its common shares trade under the symbol BREK. For more information, please visit www.brekenergy.com.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include significant risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. For a discussion of some of these risks and uncertainties, please refer to the company's SEC filings, which contain additional discussion about those risk factors, which could cause actual results to differ from management's expectations. Brek Energy expressly disclaims any obligation to update the statements contained herein.