Brek Energy Submits SEC Filings and Provides Update on Properties.

LONDON -- Brek Energy Corporation (PINK SHEETS:BREK) and its board of directors announce that the company has filed with the US Securities and Exchange Commission its annual reports on Form 10-KSB covering the fiscal years ending December 31, 2002, 2003 and 2004 and the interim quarterly periods to date. To view these documents please visit www.brekenergy.com.

The company has now filed all reports required of a reporting issuer under the US Securities and Exchange Act of 1934. The company is required to report both on a quarterly and annual basis and to fully disseminate financial information and material corporate changes to its shareholders and the investment community at large. Now that the financial filing requirements have been met, management will work to have the company's shares quoted on the OTC Bulletin Board (OTC BB).

The Riverbend Project in the Uinta Basin, Utah

Brek Energy has a net revenue interest of approximately 14% in nine natural gas wells in the Gasco Energy Corporation (AMEX:GSX) operated Riverbend Project, all of which have been flowing to sales since October 2004. During the six months ended June 30, 2005, these wells produced a combined monthly average of approximately 7.8 MMcfe net to Brek. In the third quarter 2005, the average monthly volume increased approximately 25% to 9.8 MMcfe. The increase has resulted from the re-work and re-completion of four of the wells.

The operating results in the last quarter indicate that the Riverbend operator is continuing to improve its technologies and procedures and is getting more hydrocarbons out of the ground more effectively and at ever-increasing economic efficiencies.

Gasco Energy has been drilling within the Riverbend Project area at a rapid rate. Year to date, Brek Energy has received twenty authorizations for expenditures from Gasco Energy, all of which Brek Energy has gone non-consent. Due to the favorable terms under the operating agreement between Brek and Gasco Energy, Brek forfeits no interest in land and will get back in to the wells after a 300% return to Gasco. Brek retains its interests in the surrounding proven undeveloped reserves at no cost or risk and preserves the bulk of its interests. After receiving all the pertinent well logs and drilling data, Brek is able to choose which sections provide the best production and economics and decide where Brek should participate in the future.

During January 2005, Brek exercised its rights, under the July 16, 2002 purchase agreement with Gasco Energy, Inc., to acquire approximately 4,000 net acres in the Riverbend Area for a purchase price of approximately $857,000. Brek has committed to its shareholders, subject to financing and other considerations, to participate in all potential acreage purchases and all acreage earning wells within the prolific Riverbend Project area of mutual interest Brek shares with Gasco Energy. As of June 30, 2005, Brek had leasehold interest in approximately 18,394 net acres within the 128,930 gross acres of the Riverbend Project.

Greater Green River Basin, Wyoming 

As of December 31, 2004, Brek had a leasehold interest in approximately 125,573 gross acres and 21,306 net acres in this area. Brek holds a non-operated interest in one shut-in well in this area and a non-operated interest in one producing well in this area. Brek is considering additional options for this area.

Crocker Caynon Prospect, San Joaquin Basin, California

Brek has a leasehold interest in approximately 3,315 gross acres (828 net acres) in Kern and San Luis Obispo Counties of Southern California. Effective May 1, 2005, Brek entered into a farmout agreement with regard to these lands. Brek and Gasco Energy, Inc., as the farmor, have agreed to allow the farmee, Venoco, Inc., to earn an undivided working interest in the farmout lands by drilling a test well on the property.

Rocksprings Prospect, Edwards County, Texas 

Brek has a 51.53% ownership of Vallenar Energy Inc. Vallenar holds leases covering approximately 8,540 acres in the Rocksprings Prospect in central Edwards County, Texas, which is a part of the Geronimo Creek Prospect. The Geronimo Creek Prospect is a shallow, heavy oil play within the Cretaceous aged Glen Rose limestone and Travis Peak sandstone. It is a north-south oriented, faulted anticline having approximately 75 feet of closure covering approximately 29,500 acres. Vallenar Energy Inc. has advised Brek that it intends to complete a one-to-two well, controlled situation core test to determine the recovery factor of the oil.

About Brek Energy Corporation.

Brek Energy Corporation is an exploration and development company with interests in non-conventional oil and gas resources in the US Rocky Mountains, Texas and California. The company is focusing on its 18,394 net acres within the Gasco Energy-operated Riverbend Project in the Uinta Basin, Utah. Brek Energy's proved reserves at year-end 2004 were approximately 7.2 Bcfe, comprising 95% natural gas and of which 15% were proved developed. For further information on the company and its properties, 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.

Brek Energy Corporation (PINK SHEETS:BREK)