Calibre Energy, Inc. Files Notice of Deregistration.

WASHINGTON & HOUSTON -- Calibre Energy, Inc., (OTCBB:CBRE), ("Calibre", or "the Company") announced today it has filed a Form 15 to terminate the Company's common stock registration under the Securities and Exchange Act of 1934. The filing of the Form 15 suspends the Company's obligations to file periodic reports with the SEC including reports on forms 10-K, 10-Q, 8-K, including the Company's proxy statement. The deregistration will become effective once the SEC terminates the registration, which is expected to occur within 90 days.

After discussion and consultation with outside experts, the Company has determined that deregistering is in the overall best interest of all of the Company's stockholders as the increasing financial costs and commitment of management's time to comply with the ever-increasing regulatory requirements have become an excessive burden that will only continue to grow over time.

The Sarbanes-Oxley Act ("the Act") contains provisions requiring implementation of Section 404 of the Act. The Company's cost to comply with Section 404 of the Act was one of several factors considered in making this decision. Those factors included but were not limited to the following:

1. The elimination of significant and increasing legal, accounting, filing, and investor relations costs associated with the preparation and filing of the periodic reports and other filings with the SEC;

2. The financial impact of the estimated costs to be incurred throughout the remainder of 2007 and through 2008 to comply with Section 404 of the Act which could hinder the Company's 2007-2008 planned capital budget.

3. The financial impact of the estimated costs to be incurred throughout the remainder of 2007 and through 2008 to comply with Section 404 of the Act could jeopardize the Company's ability to access funds for current operations and future growth as well as the Company's ability to continue as a going concern.

The Company's shares will no longer be listed on the OTC Bulletin Board. The Company anticipates that its shares will be traded over the counter on the Pink Sheets, but can make no assurances that any broker will make a market in the Company's common stock. The "Pink Sheets" is a centralized quotation service that collects and publishes market maker quotes in real time, primarily through its web site, http://www.pinksheets.com.

The Company intends to continue to report to its stockholders and presently intends to post its press releases as well as report quarterly and annual financial results with the Pink Sheets quotation service and on the Company's website at http://www.calibreenergy.com.