James Long Announces Acquisition of Additional Common Shares of Desmarais Energy Corporation

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


Further to disclosure requirements of applicable securities laws, James Long
both personally and through a company owned and controlled by him (being Dory
Petroleums Ltd.), announces that he has acquired an aggregate of 1,216,161
common shares ("Common Shares") of Desmarais Energy Corporation (the "Issuer")
in settlement of certain debts owed by the Issuer to Mr. Long (including Dory
Petroleums Ltd.) pursuant to the Issuer's previously announced proposal under
the Bankruptcy and Insolvency Act (Canada) ("BIA"). 


Additionally, the Issuer has issued to 1641493Alberta Ltd., a holding company
owned and controlled by Mr. Long, an aggregate of 4,452,082 Common Shares in
accordance with the terms of a consulting agreement ("Consulting Agreement")
entered into by the Issuer, Mr. Long and 1641493 Alberta Ltd.


As a result of the acquisition of Common Shares referred to above, Mr. Long now
beneficially owns or controls 7,133,243 Common Shares and options and warrants
to purchase a further 430,000 Common Shares. The 7,133,243 Common Shares
represent approximately 12.4% of the currently issued and outstanding Common
Shares of the Issuer. If Mr. Long's options and warrants to purchase Common
Shares are exercised in full, the additional 430,000 Common Shares issued,
together with Mr. Long's direct, indirect or direction and control holdings of
7,133,243 Common Shares, would total 7,563,243 Common Shares, representing
approximately 13.0% of the outstanding Common Shares of the Issuer (assuming no
other Common Shares, other than the Common Shares issuable on exercise of the
options and warrants held by Mr. Long had been issued from the date hereof).


Mr. Long acquired the Common Shares referred to herein for investment purposes.
Mr. Long may in the future take such actions in respect of his holdings as he
may deem appropriate in light of the circumstances then existing, including the
purchase of additional Common Shares or other securities of the Issuer through
open market purchases or privately negotiated transactions, or the sale of all
or a portion of his holdings in the open market or in privately negotiated
transactions to one or more purchasers.


A copy of Mr. Long's related early warning report has been filed with the
applicable securities commissions.