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CORPORATE NEWS
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MARKETWIRE
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Floor 48 Yonge Street
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http://www.marketwire.ca
Langley, BC, Canada, March 15, 2009, Curlew
Lake Resources Inc. (the "Company") (TSX-V: CWQ) (Pink Sheets CWLXF) announces
that it has signed a letter of intent for an option agreement with a third party
pursuant to which it will enter into a two well drilling option agreement by May
27th, 2009, ending March 27th 2012, on 6 sections comprising the Steen River oil
and gas prospect of Northern Alberta. The letter of intent calls for a
non-refundable deposit of $3,750 which will be paid from the operational revenue
from the companies Menard Oil project. Curlew Lake has secured a 25% position in
the play.
The Steen River structure located 700 miles
north of Edmonton is an impact crater producing from the outer rim up to 1000
b/d oil and 35 MMcf/d gas including 72 BCF gas reserves. The option lands are
located on the untested central uplift; and drill logs indicate a 1000 meter
relief on the fractured basement high. Other companies in the area include
Paramount Resources Ltd., Jed Oil and Gas, and Bearspaw Petroleum Ltd.
For additional information or to be added to
the corporate mailing list please visit the following page
http://www.curlew-lake.com/cwq/mail.html
On Behalf of the
Board of Directors
Robert B. Pincombe
President.
For more information contact: Curlew Lake
Resources Inc. David D. McKee, Chief Financial Officer Tel: (647) 722-3454 Fax:
(647) 722-4337 Email:
david.mckee@curlew-lake.com
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