One Exploration Inc. announces filing of its 2006 Annual Information Form


    CALGARY, April 30 /CNW/ - One Exploration Inc. (the "Corporation" or
"One") announces that effective today, it has filed its Annual Information
Form ("AIF") with the appropriate Canadian securities administrators. The AIF
includes One's requisite documentation relating to National Instrument 51-101
- Standards of Disclosure for Oil and Gas Activities ("NI 51-101"),
incorporating information and reports concerning the Corporation's crude oil,
natural gas and natural gas liquids reserves as at December 31, 2006. Copies
of One's 2006 Annual Information Form may be obtained at or the
Corporation's website at

    About One Exploration Inc.

    One Exploration Inc. participates in oil and gas exploration, development
and production in Canada. Specifically, the Corporation intends to generate
and develop its own prospects, acquire oil and gas properties and participate
in joint ventures with other industry partners in oil and gas exploration and
development in the Western Canadian Sedimentary Basin.

    This news release does not constitute an offer to sell securities, nor is
it a solicitation of an offer to buy securities, in any jurisdiction. All
sales will be made through registered securities dealers in jurisdictions
where the offering has been qualified for distribution. The securities offered
are not, and will not be, registered under the securities laws of the United
States of America, nor any state thereof and may not be sold in the United
States of America absent registration in the United States or the availability
of an exemption from such registration.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.

For further information:

For further information: Walter Vrataric, President and Chief Executive
Officer, One Exploration Inc., Phone: (403) 265-4115 ext 222, Fax: (403)
232-8463; Dennis Ward, Vice President, Finance and Chief Financial Officer,
One Exploration Inc., Phone: (403) 265-4115 ext 226, Fax: (403) 232-8463

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