Result Energy Inc. announces cancellation of stock options

    CALGARY, March 7 /CNW/ - Result Energy Inc. ("Result"; TSX-V: RTE)
announces that 1,750,000 stock options have been cancelled and 386,250 options
have expired, leaving 7,395,000 options outstanding. The Company will re-issue
the cancelled options in one year, subject to TSX Venture Exchange regulations
and continued employment and eligibility under Result's Stock Option Plan.

    Result Energy Inc. is a publicly traded Canadian energy company involved
in the exploration and development of oil and gas properties in western
Canada. Result trades on the TSX Venture Exchange under the symbol "RTE".

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

    %SEDAR: 00012334E

For further information:

For further information: William Matheson, President & CEO, Result
Energy Inc., (403) 777-0007

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