XPD Expedition Energy

Expedition Energy Inc. (TSX VENTURE:XPD) ("Expedition" or the "Company") has
closed the sale of its coalbed methane property located in the Nevis area of
Alberta to a major oil and gas company for an adjusted closing price of $4.3
million. The Nevis property is a fully developed asset producing approximately
130 BOE per day net to the Company. The net proceeds of the sale are being used
to pay down the Company's bank debt.


Expedition Energy Inc. is an emerging Alberta based public corporation actively
engaged in the exploration, development and production of crude oil and natural
gas in Western Canada.


The term barrels of oil equivalent ("BOE") may be misleading, particularly if
used in isolation. A BOE conversion ratio of 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. All BOE conversions herein
are derived by converting gas to oil in the ratio of six thousand cubic feet of
gas to one barrel of oil.


This information contains forward-looking statements under applicable securities
laws. Forward-looking statements are necessarily based upon assumptions and
judgments with respect to the future including, but not limited to, the outlook
for commodity markets and capital markets, the performance of producing wells
and reservoirs, and the regulatory and legal environment. Many of these factors
can be difficult to predict. As a result, the forward-looking statements are
subject to known or unknown risks and uncertainties that would cause actual
results to differ materially from those anticipated or implied in the
forward-looking statements.

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