UTS Energy Corporation releases year end results


    TSX Trading Symbol: UTS

    CALGARY, March 26 /CNW/ - UTS Energy Corporation ("UTS" or the "Company")
announces that it has filed its year-end financial statements and management's
discussion and analysis for 2006. The Company has also filed its Annual
Information Form in respect of fiscal 2006, which includes contingent
resources data and other oil and gas information for the period ended
December 31, 2006 and the reports as mandated by National Instrument 51-101.
The audited annual financial statements for the year ended December 31, 2006,
together with the management's discussion and analysis and Annual Information
Form are available for viewing on SEDAR at www.sedar.com or our website at
www.uts.ca under "Investors Center", "Reports".
    UTS will host a conference call and slide presentation to further discuss
the matters contained in this news release and year end results. The call will
take place on Tuesday, March 27, 2007 at 7:00 a.m. (Mountain) / 9:00 a.m.
(Eastern). To participate in the call:

    Live call participation:    416-644-3419 or 800-732-6179
    Recorded call playback:     877-289-8525 passcode: 21224226 followed by
                                the number sign (until April 27, 2007)
    Webcast (and slides):       www.uts.ca or

    UTS Energy Corporation is based in Calgary, Alberta. The Company's common
shares (symbol: UTS) are traded on the Toronto Stock Exchange. The Company has
two strategic areas of focus. Firstly, the development and execution of the
Fort Hills Project, a mining project with a 4.7 billion barrels contingent
resource. UTS owns a 30 percent working interest with partners, Petro-Canada
with a 55 percent working interest and Operator, and Teck Cominco with a
15 percent working interest. Secondly, the Corporation is focused on the
exploration and development of oil sands leases held jointly by UTS and Teck
Cominco. These lands, consisting of 257,920 acres, if prospective, provide
organic growth opportunities and potentially future funding flexibility for

    %SEDAR: 00011500E

For further information:

For further information: please contact: Dr. William J. F. Roach,
President and Chief Executive Officer, or Wayne I. Bobye, Vice President and
Chief Financial Officer at (403) 538-7030

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890