Whitemud confirms that it has No Exposure to Canadian Asset Backed Commercial Paper Market



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    CALGARY, Aug. 17 /CNW/ - Whitemud Resources Inc. ("Whitemud" or the
"Company") (WMK - TSX Venture Exchange) confirmed today that it has no
exposure to the Canadian Asset Backed Commercial Paper Market with respect to
the invested funds received from its initial public offering completed in
February and March, 2007. All of the Company's invested funds are invested in
guaranteed investment certificates with Canadian Western Bank with stated
principal and interest and maturities of 7 to 30 days.
    For further information on Whitemud, go to www.whitemudresources.com.





For further information:

For further information: Burl Aycock, Chairman and CEO, Whitemud
Resources, Telephone (403) 695-1012; Kelly Babichuk, President and COO,
Whitemud Resources, Telephone (403) 517-0042; Ron Love, Vice-President,
Finance and Chief Financial Officer, Whitemud Resources, Telephone (403)
517-0043; Kevin Graham, Vice-President, Marketing, Whitemud Resources,
Telephone (403) 517-0041

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WHITEMUD RESOURCES INC.

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