Firebird Energy Inc. Announces Agreement With Respect to Oil Assets in Texas

Firebird Energy Inc. (TSX VENTURE:FRD) ("Firebird" or the "Company") reports
that it has reached an Agreement with a private British Columbia company
("Privateco") pursuant to which Firebird will acquire all of Privateco's
exclusive rights in the State of Texas, USA. These rights include funding the
development of leases located throughout Caldwell County specifically in Salt
Flat, Luling-Branyon and Darst Creek Fields. In connection with the Agreement,
Firebird has paid Privateco a refundable deposit in the amount of approximately
$100,000.


The completion of any transaction by Firebird will be subject to, among other
things, the execution of final documentation, the completion of all necessary
due diligence and the receipt of any required TSX Venture Exchange or other
regulatory approvals.


Additional information with respect to the transaction, including the key terms
thereof, will be provided in subsequent news releases when available.


Forward-looking Statements

This news release contains certain forward-looking statements that reflect the
current views and/or expectations of management with respect to performance,
business and future events, including but not limited to express or implied
statements and assumptions regarding the Company's intention to negotiate for or
complete the purchase and sale contemplated herein. Forward-looking statements
are based on the then-current expectations, beliefs, assumptions, estimates and
forecasts about the business and the industry and markets in which the Company
operates. Forward-looking statements are not guarantees of future performance
and involve risks, uncertainties and assumptions which are difficult to predict.
In particular, there is no guarantee that the parties will successfully
negotiate and enter into a definitive agreement or complete the transaction
contemplated herein, that the Company's due diligence will be satisfactory or
that the Company will obtain any required regulatory approvals. Investors are
cautioned that all forward-looking statements involve risks and uncertainties
including, without limitation, potential downturns in economic conditions,
fluctuations in the price and supply of raw materials, equipment and skilled
labour, fluctuations in the market price of minerals, foreign exchange
fluctuations, regulatory requirements and changes thereto, competition, and
other risk factors listed from time to time in the Company's public filings.
These risks, as well as others, could cause actual results and events to vary
significantly. Accordingly, readers should not place undue reliance on
forward-looking statements and information, which are qualified in their
entirety by this cautionary statement. The Company does not undertake any
obligations to release publicly any revisions for updating any voluntary
forward-looking statements, except as required by applicable securities law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Firebird Energy Inc.
Kevin Patterson
President
[phone]