Point Loma Resources Ltd. & Madalena Energy Inc. Announce Closing of Asset Deal in Central Alberta and Recapitalization of First Mountain Exploration Inc. - Seite 3

The forward-looking statements and information contained in this press release are made as of the date hereof and none of Point Loma nor Madalena undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Oil and Gas Information

"BOEs" may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

Terry Meek
President and CEO
Point Loma Resources Ltd.
Telephone: [phone] ext.101
[e-mail]

Kevin Angus
Executive Vice-President Business Development
Point Loma Resources Ltd.
Telephone: [phone] ext.103
[e-mail]

Steve Dabner
Vice President, Exploration and New Ventures
Madalena Energy Inc.
Telephone: [phone]
[e-mail]