AltaCanada Reports Frank Sayer Resignation


    CALGARY, March 28 /CNW/ - Regretfully, AltaCanada has accepted the
resignation of Mr. Frank Sayer from the Corporation's Board of  Directors. Mr.
Sayer joined the board in May, 2005 and his thoughtful guidance will be

    Any statements in this release that are not historical in nature are
intended to be, and are hereby identified as "forward-looking statements". 
Forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those  indicated in the
forward-looking statements. Among these risks and uncertainties are
uncertainties as to the costs, pricing and production  levels from the
properties in which the Corporation has interests, the extent of the
recoverable reserves at those properties, and the  significant costs
associated with the exploration and development of the properties in which the
Corporation has interests. The Corporation  undertakes no obligation to update
or revise forward-looking statements, whether as a result of new information,
future events, or otherwise.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    McfGEs may be misleading, particularly if used in isolation. An McfGE
    conversion ratio of 1 bbl : 6 Mcf is based upon an energy equivalency
    conversion method primarily applicable at the burner tip and does not
    represent a value equivalency at the wellhead.

For further information:

For further information: Don Foulkes, President, Telephone: (403)
265-9091 (ext 248), Fax: (403) 256-9021, Email:

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