Cano Petroleum Begins Trading on OTC Bulletin Board Under Symbol CAOP.

Business Editors

FORT WORTH, Texas--(BUSINESS WIRE)--June 4, 2004

Cano Petroleum, Inc. (OTCBB:CAOP), formerly Huron Ventures, Inc., is pleased to announce that it will begin trading its common shares on the OTC Bulletin Board under the symbol "CAOP" when the market opens on Friday, June 4, 2004.

The change of name was a condition of the acquisition of Davenport Field Unit Inc. (Davenport), an Oklahoma corporation engaged in the oil and gas business with producing properties in the state of Oklahoma.

Pursuant to the terms of the acquisition, the Company issued 5,165,000 restricted shares of common stock to the shareholders of Davenport and completed a $2,000,000 private placement, the proceeds of which will be used to pay obligations relating to the existing properties of Davenport and for general working capital purposes. At closing the Company had approximately 15,647,204 shares of common stock issued and outstanding.

The Company has appointed Jeff Johnson, the principal of Davenport, as its CEO. Mr. Johnson has over 15 years in the oil and gas industry, specializing in buying undervalued oil and gas properties and enhancing their value. Mr. Michael Ricketts has been appointed as CFO. Mr. Ricketts is a Certified Public Accountant with over 24 years of diversified accounting and finance experience with large public and private companies. The Company has also appointed Tom Cochrane as executive vice-president of oil and gas operations. Mr. Cochrane has spent the last 15 years as an engineer with ExxonMobil and has extensive experience in water and CO2 flooding techniques.

Following the required notice periods, Messrs. Johnson and Ricketts, together with Mr. Don Dent, will be appointed to the Board of Directors. Mr. Dent has an acute understanding of the oil and gas industry due to his tenure with several prominent public and private oil and gas companies. He served as president and CEO of RUSA Oil Ltd which was engaged in the exploration of large oil fields in Siberia and he was general counsel at Mesa Petroleum Corporation, where he worked closely with Mr. Boone Pickens in implementing Mesa's aggressive merger and acquisition activities.

Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of natural resource prices, product demand, market competition, and risks inherent in our operations. These and other risks are described in our Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.