Ivory Energy Inc.: Silverdale Pipeline Completed

Ivory Energy Inc. (TSX VENTURE:IV) is pleased to announce that the Silverdale
pipeline project and related waterflood expansion project were completed on
March 22, 2008. The associated wells are currently being optimized by increasing
pumping rates and reservoir pressure. Additional benefits of this project are
increased oil recovery, stabilized oil production rates, reduced production
declines and reduced operating costs. The pipelines will also be used to recover
associated gas which will be used to fuel well-site pumps and excess gas will be
sold into the spot market. A further benefit to the newly installed pipelines is
that, going forward, oil and water trucking will be eliminated in this area
which will substantially reduce operating costs. The net result of these
enhancements is that the Silverdale area will realize higher oil and gas
production, significantly higher netbacks and increased cash flow.


March's net average sales production was approximately 590 boe/d, less than
February's net average sales of 675 boe/d. The reduction in March's oil sales
was due to oil wells being shut-in, or produced at restricted rates because of
water disposal constrictions prior to the completion of the pipeline project and
the treating facility being offline for eight days in March for routine
maintenance and tying in of the pipelines. In other words, Ivory produced its
Silverdale waterflood project area for 23 days instead of the full 31 days of
the month March. Oil production has significantly risen as we enter April and
will continue to increase as we continue well optimization and reservoir
pressure increases. Ivory benefited from the high oil prices in March as we
realized wellhead prices of approximately $79 per barrel.


Ivory Energy Inc. is a heavy oil producer in Saskatchewan that is developing its
oil properties, cash flow and reserves through low risk re-completions,
workovers, infill drilling, and utilizing enhanced oil recovery methods. Ivory
has identified 50 possible infill and step-out locations on its Saskatchewan oil
properties. The Silverdale oil field, Ivory's flagship property, comprises
compact geology, stacked oil reservoir sands, with discovered petroleum
resources initially in place of 131 million barrels of oil(1) of which Ivory's
net interest is estimated at 41% on average.


(1) Saskatchewan Industry & Resources, Reservoir Annual 2003

Boe or Boe/d are barrels of oil equivalent or barrels of oil equivalent per day.
Boes may be misleading, particularly if used in isolation. A Boe conversion
ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead. This news release contains statements concerning
anticipated development activities on Ivory's properties. Although the Company
believes that these forward-looking statements are reasonable, undue reliance
should not be placed on them. The forward-looking statements contained in this
news release are made as at the date of this news release and the Company does
not undertake any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.