Benchmark reports exercise of warrants



    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
    THE UNITED STATES/

    CALGARY, April 3 /CNW/ - BENCHMARK ENERGY CORP. ("Benchmark" or the
"Company" - TSX Venture: BEE) is pleased to report that 1,881,000
share-purchase warrants expiring on March 29, 2007, were exercised resulting
in net proceeds to the Company of $1,410,750.00. The total number of common
shares of Benchmark now outstanding is 21,567,598.
    As previously announced, Benchmark is continuing to investigate various
acquisition and farm-in opportunities in North and West Africa, Indonesia,
Colombia, and elsewhere. Further updates on the various projects will be
provided as soon as possible. The Company currently has a 33.33% working
interest in the Cosmos Concession in offshore Tunisia.

    Certain information set forth in this press release, including a
discussion of future plans and operations, contains forward looking statements
that involve substantial known and unknown risks and uncertainties. These
forward-looking statements are subject to numerous risks and uncertainties,
some of which are beyond management's control, including but not limited to,
the impact of general economic conditions, industry conditions, fluctuation of
commodity prices, fluctuation of foreign exchange rates, environmental risks
industry competition, availability of qualified personnel and management,
stock market volatility, timely and cost effective access to sufficient
capital from internal and external sources. Actual results, performance or
achievement could differ from those expressed in or implied by these
forward-looking statements.

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THE CONTENTS OF THIS NEWS
    RELEASE.





For further information:

For further information: Benchmark Energy Corp., New Address: 1414
Eighth Street S.W., Suite 260, Calgary, Alberta, T2R 1J6, Canada, Telephone:
(403) 802-0770, Facsimile: (403) 266-5732; David R. Robinson, President and
Chief Executive Officer, drr@benchmarkenergy.com; Investor relations contact:
Noble House Capital, (800) 499 2388

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BENCHMARK ENERGY CORP.

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