Castleguard Energy, Inc Announces Further Acquisitions.

Business Editors & Energy Writers

DALLAS--(BUSINESS WIRE)--Sept. 25, 2000

Castleguard Energy Inc., today announced several strategic moves to strengthen its acquisition and investment position. Chief Executive Officer Scott Heape said that the company has reached an agreement for the completion of a farm-out in a high profile and resource rich oil and gas field in East Texas.

Heape further announced the purchase of working interests in several wells located in the Minden Field of Webster Parish, La., and that the company is drilling a new well in the Minden Field. He said that the working interests were acquired from the date of first production and give Castleguard about $50,000 per month cash flow.

Castleguard's current acquisition program includes eight units totaling approximately 5000 acres acquired through farm-out in Willow Springs Field, Gregg County, Texas. These units are being drilled for undeveloped reserves in the Travis Peak, Pettet, and Paluxy reservoirs.

Castleguard Energy, Inc. (OTC BB:MOAT) is a Dallas based independent oil and gas company. It became a full reporting company in February 2000. For further information contact Mr. Bob G. Honea, President, Castleguard Energy, Inc. at 214/361-1755 or visit Castleguard's Internet channel on the AIN network at www.awareinvestornetwork.com.