Celtic Exploration Ltd. files 2007 Annual Information Form

    (Stock Symbol "CLT" - TSX)

    CALGARY, March 27 /CNW/ - Celtic Exploration Ltd. has on today's date
filed its Annual Information Form for the year ended December 31, 2007, which
contains the disclosure and reports relating to reserves data and other oil
and gas information, effective as of December 31, 2007, required pursuant to
National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities
of the Canadian Securities Administrators. A copy of this document may be
found for viewing on the System for Electronic Document Analysis and Retrieval
website at www.sedar.com.

For further information:

For further information: CELTIC EXPLORATION LTD., Suite 500, 505 - 3rd
Street SW, Calgary, Alberta, Canada, T2P 3E6; David J. Wilson, President and
Chief Executive Officer, (403) 201-5340; or Sadiq H. Lalani, Vice President,
Finance and Chief Financial Officer, (403) 215-5310; or Visit our website at

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Celtic Exploration Ltd.

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