Diamond Tree files year end oil and gas disclosure documents

    CALGARY, March 16 /CNW/ - Diamond Tree Energy Ltd. (TSX-DT) today filed
with Canadian securities regulatory authorities its Annual Information Form
for the year ended December 31, 2006, which includes the disclosure and report
relating to reserves data and other oil and gas information required pursuant
to National Instrument 51-101. Copies of the filed documents may be obtained
via SEDAR at www.sedar.com or on Diamond Tree's website www.diamondtree.ca.

    Diamond Tree Energy Ltd. is a Calgary based company active in the
acquisition, exploration, development and production of crude oil and natural
gas in Western Canada.

For further information:

For further information: Mr. Kelly J. Ogle, President,
kogle@diamondtree.ca; or Mr. Don D. Copeland, Chief Executive Officer,
dcopeland@diamondtree.ca; Diamond Tree Energy Ltd., 1200, 111 - 5th Avenue SW
, Calgary, Alberta, T2P 3Y6, Phone: (403) 237-9175, Fax: (403) 237-9140,

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