/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
CALGARY, April 23 /CNW/ - One Exploration Inc. (the "Corporation" or
"One") is pleased to announce that it has completed the acquisition of all of
the issued and outstanding shares of Tsunami Petroleum Corp. ("Tsunami") in
exchange for 5,000,000 Class A Common Shares of the Corporation (the
"Acquisition"). Tsunami is a private Alberta incorporated exploration company
that holds various non-operated working interests in a number of locations
throughout Alberta including the Morley, Ferrier, Highvale and Atmore areas.
The Acquisition was previously announced in a press release issued by the
Corporation on April 18, 2007.
About One Exploration Inc.
One Exploration Inc. participates in oil and gas exploration, development
and production in Canada. Specifically, the Corporation intends to generate
and develop its own prospects, acquire oil and gas properties and participate
in joint ventures with other industry partners in oil and gas exploration and
development in the Western Canadian Sedimentary Basin.
This news release does not constitute an offer to sell securities, nor is
it a solicitation of an offer to buy securities, in any jurisdiction. All
sales will be made through registered securities dealers in jurisdictions
where the offering has been qualified for distribution. The securities offered
are not, and will not be, registered under the securities laws of the United
States of America, nor any state thereof and may not be sold in the United
States of America absent registration in the United States or the availability
of an exemption from such registration.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: Walter Vrataric, President and Chief Executive
Officer, One Exploration Inc., Phone: (403) 265-4115 ext 222, Fax: (403)
232-8463; Dennis Ward, Vice President, Finance and Chief Financial Officer,
One Exploration Inc., Phone: (403) 265-4115 ext 226, Fax: (403) 232-8463