Longbow Resources Announces Material Increase in Reserves and Net Present Value

Longbow Resources Inc. (TSX VENTURE:LBR) ("Longbow" or the "Company") wishes to
announce that it has received a final engineering evaluation (the "Sproule
Report") from one of its independent reserves evaluators, Sproule Associates
Limited ("Sproule"), which indicates that the Company achieved 355% year over
year growth in total proved Mboe reserves at December 31, 2007. The Sproule
Report is fully compliant with NI 51-101 standards.


The Company's complete NI 51-101 statement of reserves data is expected to be
completed and filed on www.sedar.com within the next few weeks, pending receipt
of some minor property reserve evaluations that were not included in the Sproule
Report. Management believes that the reserves evaluated in the Sproule Report
represent more than 95% of the net present value of the Company's total
reserves.


A summary of Longbow's reserve volumes and net present values as set out in the
Sproule Report are as follows:




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Longbow Resources Inc.
Summary of the Evaluation of the Company's P&NG Reserves
(As of December 31, 2007)
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                              Remaining                         Net Present 
                               Reserves                              Values 
                  ------------------------                    Before Income 
                                Company                           Taxes (M$)
                  ----------------------------------------------------------
                                                At       At       At     At
                    Gross   Gross     Net        0%     5.0%    10.0%  15.0%
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Light/Medium Oil 
 (Mbbl)
Proved Developed 
 Producing        1,020.6   820.9   685.4   37,160   27,353   21,576 17,869
Proved Developed 
 Non-Producing      260.0   260.0   191.3   12,743    9,131    7,108  5,850
Provided 
 Undeveloped        777.2   777.2   547.4   30,907   20,790   15,157 11,685
 Total Proved     2,057.8 1,858.1 1,424.0   80,810   57,274   43,841 35,403
 Total Probable   1,058.7   893.7   678.8   38,775   22,407   14,539 10,213
 Total            3,116.5 2,751.8 2,102.8  119,584   79,681   58,380 45,616
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Solution Gas 
 (MMcf) - values 
 included with 
 lt/med oil
Proved Developed 
 Producing          1,675   1,000     667    
Proved Developed 
 Non-Producing        505     505     361
Provided 
 Undeveloped          996     996     657
 Total Proved       3,176   2,501   1,685
 Total Probable     1,475   1,076     675
 Total              4,651   3,577   2,359
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Pipeline Gas (MMcf)
Proved Developed 
 Producing          1,657     440     382    1,501    1,298    1,151  1,038
Proved Developed 
 Non-Producing      1,462     463     381    1,421    1,235    1,086    964
 Total Proved       3,118     903     763    2,922    2,533    2,236  2,002
 Total Probable     2,854     627     509    2,924    2,150    1,718  1,443
 Total              5,973   1,529   1,272    5,846    4,683    3,954  3,445
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Natural Gas 
 Liquids (Mbbl) 
 - values included 
 with lt/med oil 
 and gas
Proved Developed 
 Producing           86.0    17.6    11.8
Proved Developed 
 Non-Producing        5.8     5.3     3.8
Provided 
 Undeveloped         11.8    11.8     7.8
 Total Proved       103.6    34.7    23.4
 Total Probable      99.6    20.3    12.9
 Total              203.2    55.0    36.3
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GRAND TOTAL (Mboe)
Proved Developed 
 Producing        1,661.8 1,078.4   872.1   38,661   28,651   22,727 18,907
Proved Developed 
 Non-Producing      593.6   426.6   318.6   14,164   10,366    8,193  6,813
Provided 
 Undeveloped        955.1   955.1   664.7   30,907   20,790   15,157 11,685
 Total Proved     3,210.5 2,460.1 1,855.3   83,732   59,807   46,078 37,405
 Total Probable   1,880.0 1,197.8   888.9   41,699   24,556   16,257 11,657
 Total            5,090.4 3,657.9 2,744.3  125,431   84,364   62,335 49,061
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Company Gross totals represent the Company's working interest share of reserves,
before deduction of any royalties. The estimates of remaining reserves and their
respective net present values, using forecasted prices and costs, were prepared
under NI 51-101 and summarized in the table above are prior to the provision for
income taxes, interest, debt service charges, and general and administrative
expenses. Actual oil and natural gas reserves and future production of the
disclosed oil and natural gas reserves does not represent the fair market value
of these reserves. "Mboe" is defined as a thousands of barrels of oil equivalent
(and is used herein to convert reserves of oil, natural gas, and natural gas
liquids to a common measure). The estimates of reserves and future net revenue
for individual properties may not reflect the same confidence level as estimates
of reserves for all properties of the Company.


Longbow is a junior oil and natural gas company based in Calgary, Alberta with
properties located in Alberta, British Columbia and Saskatchewan.


Certain statements contained herein may constitute forward-looking statements.
These statements relate to future events or our future performance. All
statements other than statements of historical fact may be forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "project", "predict", "potential", "targeting",
"intend", "could", "might", "should", "believe" and similar expressions. These
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated
in such forward-looking statements. We believe that the expectations reflected
in the forward-looking statements are reasonable based upon management's current
views but no assurance can be given that these expectations will prove to be
correct and such forward-looking statements should not be unduly relied upon. No
assurance can be given that actual results, performance or achievement expressed
in, or implied by these forward-looking statements will occur, or if they do,
that any benefits may be derived from them. Past results have been applied in
drawing a conclusion or making a forecast or projection set out in the
forward-looking information. The term barrels of oil equivalent ("boe") may be
misleading, particularly if used in isolation. A boe conversion ratio of six
thousand cubic fee per barrel (6mcf/bbl) of natural gas to barrels of oil
equivalence is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead. All boe conversions herein are derived from converting gas to oil in
the ratio mix of six thousand cubic feet of gas to one barrel of oil.