Piper Resources Ltd. Obtains Extension to CCAA Protection

    CALGARY, March 17 /CNW/ - Further to its press release dated February 19,
2008, Piper Resources Ltd. ("Piper" or the "Company") announces that the
Alberta Court of Queen's Bench (the "Court") has extended Piper's creditor
protection under the Companies Creditors Arrangement Act (Canada), ("CCAA")
for an additional period to April 28, 2008. While under CCAA protection, Piper
continues with its day-to-day operations.
    If, by April 28, 2008, Piper has not filed a Plan of Arrangement under
the CCAA, or obtained an extension of the CCAA protection, creditors and
others will no longer be stayed from enforcing their rights. The Company will
issue a further press release on or before April 28, 2008 which will provide
an update.

    Certain information regarding the Company contained herein may constitute
forward-looking statements. These statements relate to future events or future
performance of the Company. When used in this release, the words "may",
"would", "could", "will", "intend", "plan", "anticipate", believe",
"estimate", "predict", "seek", "propose", "expect", "potential", "continue",
and similar expressions are intended to identify forward-looking statements.
These statements involve known and unknown risks, uncertainties, and other
factors that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements. Such statements reflect
the Company's current view with respect to certain events, and are subject to
certain risks, uncertainties and assumptions. Many factors could cause the
Company's actual results, performance, or achievements to vary from those
described in this presentation. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying forward-looking
statements prove incorrect, actual results may vary materially from those
described in this release as intended, planned, anticipated, believed,
estimated, or expected.

For further information:

For further information: Piper Resources Ltd., Greg Cave, President,
Tel: (403) 718-2301

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