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Capitol Energy Resources Ltd. To Trade On Toronto Stock Exchange

Capitol Energy Resources Ltd. - (the “Company”) – An application has been granted for the original listing in the Oil & Gas category of up to 52,822,325 common shares of which up to 47,988,477 common shares will be issued and outstanding and up to 4,833,848 common shares will be reserved for issuance.

The common shares of the Company will be listed and posted for trading at the opening on Monday, July 10, 2006.

Stock Symbol: “CPX”

CUSIP: 14057U 30 4

Trading Currency: CDN

Temporary Market Maker: Research Capital Corp.

Other Markets: The common shares have been listed on TSX Venture Exchange (Symbol: CPX) since December 5, 2003. The common shares will be delisted from TSX Venture Exchange at the closing on July 7, 2006.

Head Office Address:

Suite 700, 407 - 2nd Street S.W.

Calgary, AB

T2P 2Y3

Head Office Telephone Number: (403) 508-6310

Fax Number: (403) 508-6309

E-mail: cpxinfo@capitolenergy.ca

Website: www.capitolenergy.ca

Investors Relations:

Monty Bowers, President & Chief Executive Officer

Tel.: (403) 508-6321

Email: montyb@capitolenergy.ca

Doug Dearing, Vice President, Finance & Chief Financial Officer

Tel.: (403) 508-6310

Email: dougd@capitolenergy.ca

Corporate Secretary: Bruce R. Allford

Incorporation: The Company was first incorporated on June 30, 1995 in the name of Cell-loc Inc. pursuant to the provisions of the Business Corporations Act (Alberta).

Fiscal Year End: December 31

Nature of Business: The Company is engaged in the exploration for, the development of and the production of crude oil and natural gas in Western Canada.

Transfer Agent & Registrar: Computershare Trust Company of Canada at its principal offices in Toronto, Ontario and Calgary, Alberta.

Dividends: The Company has not paid any dividends on its outstanding common shares. The board of directors of the Company will determine the actual timing, payment and amount of dividends, if any, that may be paid by the Company from time to time based upon, among other things, the cash flow, results of operations and financial conditions of the Company, the need for funds to finance ongoing operations and other business consideration as the board of directors considers relevant.





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