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Curlew Lake Resources Inc. Announces Well Preparation has Begun for the Fosterton Well and Drilling is Expected to Commence in Early December.


LANGLEY, British Columbia Langley, British Columbia can mean the following:
  • Township of Langley
  • City of Langley
 -- Curlew curlew (kûr`l), common name for large shore birds of both hemispheres, generally brown and buff in color and with decurved bills.  Lake Resources (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:CWQ CWQ Center for Water Quality
CWQ Call with Questions
) (PINK SHEETS:CWLXF) announces it has received an AFE (Apple File Exchange) An earlier Macintosh utility that converted data files between Mac and PC formats. It also included a file translator between IBM's DCA format and MacWrite.  and cash call for the PARAX L.S. 13 Sec. 30 Twp. 16 Rge. 17 W.3 Mer. well in the Fosterton area of Saskatchewan. The projected drill time is estimated at 3-4 days.

Potential deliverability is expected to exceed 100bbls/day per well. The Fosterton project has a potential for 3-4 wells. Management feels this project has the potential to make a significant impact on the companys' financial position based on the company's 25% interest in the project.

Curlew Lake has arranged a non-brokered private placement of $100,000 comprising of 1,000,000 units at a price of ten cents Ten Cents has several meanings:
  • Ten Cents, a worth of a dime
  • Ten Cents, a fictional character in TUGS
 per share. Each unit is comprised of one flow-through common share of the Company, and one share purchase warrant entitling the Subscriber to acquire an additional common share at a price of $0.15 per share, exercisable at any time up to one year from the date of issuance. The securities are subject to a hold period in accordance with regulatory policies.

Proceeds of the offering will be used for:

- the drilling and completion of the Fosterton 13-30 well in Saskatchewan;

- final cash payment required to complete the agreement requirements on the Clear Creek Gold Property; and

- for general corporate purposes.

On Behalf of the

Board of Directors

"Robert B. Pincombe"

President.

This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.

The TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release.

Curlew Lake Resources Inc. (TSX VENTURE:CWQ) (PINK SHEETS:CWLXF)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Nov 16, 2005
Words:377
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