Calibre Energy, Inc. Files Notice of Deregistration

    WASHINGTON & HOUSTON, August 20 /CNW/ - Calibre Energy, Inc.,
(OTCBB:CBRE), ("Calibre", or "the Company") announced today it has filed a
Form 15 to terminate the Company's common stock registration under the
Securities and Exchange Act of 1934. The filing of the Form 15 suspends the
Company's obligations to file periodic reports with the SEC including reports
on forms 10-K, 10-Q, 8-K, including the Company's proxy statement. The
deregistration will become effective once the SEC terminates the registration,
which is expected to occur within 90 days.

    After discussion and consultation with outside experts, the Company has
determined that deregistering is in the overall best interest of all of the
Company's stockholders as the increasing financial costs and commitment of
management's time to comply with the ever-increasing regulatory requirements
have become an excessive burden that will only continue to grow over time.

    The Sarbanes-Oxley Act ("the Act") contains provisions requiring
implementation of Section 404 of the Act. The Company's cost to comply with
Section 404 of the Act was one of several factors considered in making this
decision. Those factors included but were not limited to the following:

    1. The elimination of significant and increasing legal, accounting,
filing, and investor relations costs associated with the preparation and
filing of the periodic reports and other filings with the SEC;

    2. The financial impact of the estimated costs to be incurred throughout
the remainder of 2007 and through 2008 to comply with Section 404 of the Act
which could hinder the Company's 2007-2008 planned capital budget.

    3. The financial impact of the estimated costs to be incurred throughout
the remainder of 2007 and through 2008 to comply with Section 404 of the Act
could jeopardize the Company's ability to access funds for current operations
and future growth as well as the Company's ability to continue as a going

    The Company's shares will no longer be listed on the OTC Bulletin Board.
The Company anticipates that its shares will be traded over the counter on the
Pink Sheets, but can make no assurances that any broker will make a market in
the Company's common stock. The "Pink Sheets" is a centralized quotation
service that collects and publishes market maker quotes in real time,
primarily through its web site,

    The Company intends to continue to report to its stockholders and
presently intends to post its press releases as well as report quarterly and
annual financial results with the Pink Sheets quotation service and on the
Company's website at

For further information:

For further information: Calibre Energy, Inc. Mark McPartland Investor
Relations 202-223-4401

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