/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
TSX Trading Symbol: UTS
CALGARY, March 25 /CNW/ - UTS Energy Corporation ("UTS" or the "Company")
announces that it has filed its year-end financial statements and management's
discussion and analysis for 2007. The Company has also filed its Annual
Information Form in respect of fiscal 2007, which includes contingent
resources data and other oil and gas information for the period ended
December 31, 2007 and the reports as mandated by National Instrument 51-101.
The audited annual financial statements for the year ended December 31, 2007,
together with the management's discussion and analysis and Annual Information
Form are available for viewing on SEDAR at www.sedar.com or our website at
www.uts.ca under "Investors Center", "Reports".
UTS will host a conference call and slide presentation to further discuss
the matters contained in this news release and year-end results. The call will
take place on Wednesday, March 26, 2008 at 7:00 a.m. (Mountain) / 9:00 a.m.
(Eastern). To participate in the call:
Live call participation: 416-644-3415 or 800-732-0232
Recorded call playback: 877-289-8525 passcode: 21265781 followed by
the number sign (until April 24, 2008)
Webcast (and slides): www.uts.ca or
The replay of the Webcast is available for 90 days at http://www.uts.ca
UTS is focused on the creation of shareholder value through exploration,
development, production and upgrading of bitumen from the Athabasca oil sands
deposits in north-eastern Alberta. UTS was instrumental in re-establishing the
Fort Hills Oil Sands Project and is the principal founder of the Fort Hills
Energy Limited Partnership. UTS holds a 20% working interest in the Fort Hills
Project located north of Fort McMurray and the Sturgeon Upgrader to be located
to the northeast of Edmonton. Beyond the Fort Hills Project, through land
acquisitions and exploration program, UTS holds 50% working interest in an
additional 113,964 hectares (284,907 acres) of oil sands prospective leases
located primarily on the west side of the Athabasca River. UTS is committed to
responsible resource development by conducting its business in a manner that
reduces environmental effects, protects workers' and communities' health and
safety and recognizes stakeholder interests.
UTS Energy Corporation is based in Calgary, Alberta. The Company's common
shares (UTS) are traded on the Toronto Stock Exchange.
For further information:
For further information: Dr. William J. F. Roach, President and Chief
Executive Officer, or Wayne I. Bobye, Vice President and Chief Financial
Officer at (403) 538-7030