ENMAX Acquisition Corp. Acquires Shares of Cordero

    CALGARY, March 20 /CNW/ - ENMAX Acquisition Corp. ("EAC"), an indirect
wholly-owned subsidiary of ENMAX Corporation, announced that it has today
acquired 6,800 common shares of Cordero Energy Inc (TSX: COR) ("Cordero").
    The highest price paid per share purchased today was C$4.35. The average
price paid per share purchased during the course of EAC's acquisition of
Cordero to date is C$4.35.
    The aggregate number of Cordero shares purchased by EAC, including
purchases made today, is 1,482,400. As a result of today's transaction, EAC
now owns a total of 1,482,400 common shares of Cordero, or 4% of the common
shares of Cordero.
    On February 19, 2008, ENMAX announced that it would make an all cash
offer to acquire all of the issued and outstanding common shares of Cordero on
a fully diluted basis at a price of $4.35 per share by way of a take-over bid.
The formal documents in connection with the offer were mailed to security
holders of Cordero on March 10, 2008.

    ENMAX Corporation, through subsidiaries and predecessors, has provided
Albertans with safe and reliable electricity for more than 100 years. ENMAX
provides electricity, natural gas and value-added services to more than half a
million residential, commercial and industrial customer accounts in Alberta.
ENMAX Energy is one of Alberta's largest investors in renewable energy with
partial ownership of the McBride Lake Wind Farm and complete ownership of the
Taber Wind Farm. ENMAX Energy has the largest green power marketing program of
its kind in Canada. Visit our website at enmax.com.
    You can choose any retailer listed at www.ucahelps.gov.ab.ca or at
310-4822. Electricity delivery to your home or business isn't affected by your
choice of retailer.

For further information:

For further information: call the ENMAX media line at (403) 689-6150

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