Cumberland Basin CBM Operations Update



    Stealth Files Cumberland Basin Development Plan with the Government
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    Trading Symbol: SLV.tsxventure

    CALGARY, March 27 /CNW/ - Stealth has submitted an application to the
Nova Scotia government to replace the existing exploration permit with a
production permit in the Cumberland Basin. This is required prior to
proceeding with commercial development activity and pipeline construction. The
plan was filed from the results of drilling and testing which are believed to
show encouraging potential, albeit further tests will determine whether there
are commercial gas rates. The production permit process will consume up to six
months, during which time the Company will continue testing these coal seams.

    Stealth Acquires 100% Interest in the Cumberland Basin
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    Stealth has signed a letter of intent to purchase from its partner the
remaining 25% stake in the Cumberland Basin CBM play in exchange for a one
percent non-convertible royalty which will be in addition to the existing 0.5%
royalty. Terms of the deal include a cash payout and assumption of debt
totaling approximately $750,000 with an effective closing date of March
30th 2007. The Cumberland basin, where Stealth will own a 100% working
interest, represents a gas resource play in Nova Scotia estimated by Sproule
Associates Limited to contain net 1.183 TCF (Trillion Cubic Feet) of
"Discovered CBM Resource". Stealth's current testing program has three
separate wells in three individual coal seams and is designed to test the
productivity of this resource.

    
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    Well Name                        Coal Seam           Horizontal Lateral
    ---------                        ---------           ------------------
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    Coalmine Brook No.3              Number 6             430 Meters
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    Coalmine Brook No.12             Number 2             738 Meters
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    Coalmine Brook No.13             Marker "O"          1041 Meters
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    Stealth is a Calgary-based junior oil and gas company whose expertise and
focus is on "unconventional" gas reserves including CBM, shale gas and tight
gas sand reservoirs.

    STEALTH VENTURES LTD.

    "W. Robert Bell"

    Per: W. ROBERT BELL
    Chief Executive Officer


    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS
    RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS
    MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.

    %SEDAR: 00008195E




For further information:

For further information: W. Robert Bell, CEO, Mark J. Roth, CFO, Stealth
Ventures Ltd., Tel.: (403) 514-9998, Fax: (403) 514-9995, Emails:
investorrelations@stealthventures.ca; Richard Cohen, Investor Relations, CLARK
AVENUE COMPANY, Tel.: (905) 882-4422, Fax: (905) 882-4435,
clarkavenue@rogers.com

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STEALTH VENTURES LTD.

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