First Calgary Petroleums Ltd. Trading Activity

    TSX: FCP
    AIM:  FPL

    CALGARY, March 14 /CNW/ - In response to the recent volatility in the
trading of the Company's common shares, First Calgary Petroleums Ltd. ("FCP"
or the "Company") advises that there are no corporate developments to report.
The MLE Front End Engineering and Design process is proceeding as planned and
the appraisal drilling and testing operations are ongoing in the central area.
    The Company's results for the year ended December 31, 2006 are scheduled
to be announced on Wednesday, March 28, 2007.

    First Calgary Petroleums Ltd. is an oil and gas exploration company
actively engaged in international exploration and development activities in
Algeria. The Company's common shares trade on the Toronto Stock Exchange in
Canada (FCP) and on the AIM market of the London Stock Exchange in the UK

For further information:

For further information: First Calgary Petroleums Ltd.: Richard G.
Anderson, President and CEO, Tel: (403) 264-6697; John van der Welle, Finance
Director and CFO, Tel: +44 (0) 203 043 0270; Other contacts: David Nabarro,
Nabarro Wells & Co Limited, Tel + 44 (0) 207 710 7400; James Henderson, Pelham
Public Relations, Tel: +44 (0) 207 743 6673; Carina Corbett, 4C - Burvale
Limited, Tel: +44 (0) 207 559 6710

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