Cirrus Energy Corporation Closes Previously Announced Bought Deal Financing

Cirrus Energy Corporation ("Cirrus" or the "Company") (TSX VENTURE:CYR) is
pleased to announce that it has closed its previously announced short form
prospectus offering of common shares ("Common Shares") of the Company (the
"Offering") through a syndicate of underwriters led by Cormark Securities Inc.
and including FirstEnergy Capital Corp., BMO Nesbitt Burns Inc., Haywood
Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Ltd.,
resulting in gross proceeds of $45,013,500.00. The Offering consisted of
14,290,000 Common Shares issued at a price of $3.15 per Common Share.


Cirrus plans to use the net proceeds of the Offering to fund the Corporation's
capital program, future acquisitions and for general working capital
requirements.


Cirrus Energy Corporation is an international oil and gas company headquartered
in Calgary and, following the issue, has approximately 93.0 million fully
diluted common shares outstanding.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy the securities in any jurisdiction. The Common Shares may be
offered or sold in other eligible foreign jurisdictions and to U.S. buyers on a
private placement basis pursuant to an applicable exemption from registration
requirements in Rule 144-A or Regulation D of the United States Securities Act
of 1933, as amended (the "US Securities Act"). The Common Shares have not been
registered under the US Securities Act and may not be offered or sold in the
United States except in transactions exempt from such registration.




Cirrus Energy Corporation
Suite 208, 5 Richard Way S.W., T3E 7M8
Calgary, Alberta



Forward-Looking Statements

This press release may include forward-looking statements including opinions,
assumptions, estimates and expectations of future production, cash flow and
earnings. When used in this document, the words "anticipate," "believe,"
"estimate," "expect," "intent," "may," "project," "plan", "should" and similar
expressions are intended to be among the statements that identify
forward-looking statements. Forward-looking statements are subject to a wide
range of risks and uncertainties, and although the Company believes that the
expectations represented by such forward-looking statements are reasonable,
there can be no assurance that such expectations will be realized. Any number of
important factors could cause actual results to differ materially from those in
the forward-looking statements including, but not limited to, the volatility of
oil and gas prices, the ability to implement corporate strategies, the state of
domestic capital markets, the ability to obtain financing, changes in oil and
gas acquisition and drilling programs, operating risks, production rates,
reserve estimates, changes in general economic conditions and other factors more
fully described from time to time in the reports and filings made by Cirrus with
securities regulatory authorities.