Iteration announces filing of Annual Information Form



    /NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES
    NEWSWIRE SERVICES/

    CALGARY, March 28 /CNW/ - Iteration Energy Ltd. ("Iteration") (TSX - ITX)
is pleased to announce that it has filed on SEDAR its Annual Information Form
for the year ended December 31, 2007, which includes Form 51-101F1: Statement
of Reserves Data and Other Oil and Gas Information, Form 51-101F2: Report of
Independent Qualified Reserves Evaluator and Form 51-101F3: Report of
Management and Directors under National Instrument 51-101 Standards of
Disclosure for Oil and Gas Activities.
    Copies of the Annual Information Form can be obtained electronically
through the SEDAR system at www.sedar.com.

    Iteration
    ---------
    Iteration is an Alberta based corporation engaged in the business of
    exploring for and developing oil and natural gas reserves in Western
    Canada and acquiring oil and natural gas properties. Iteration's common
    shares are listed on the Toronto Stock Exchange under the symbol "ITX".





For further information:

For further information: Iteration Energy Ltd., Brian L. Illing,
President and Chief Executive Officer, Tel: (403) 290-4867 or Jane Mactaggart,
Vice President, Exploitation, Tel: (403) 290-4865, Website:
www.iterationnergy.com

Organization Profile

ITERATION ENERGY LTD.

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