Longbow Resources Provides Additional Information Regarding Purchase of Oil Properties

Longbow Resources Inc. (TSX VENTURE:LBR) ("Longbow" or the "Company") further
reports in respect of its previously announced acquisition (by news release
dated August 22, 2007) that the total purchase price of $8.2 million included
bank financing of $4.9 million. This bank financing was arranged through a
credit facility provided by a Canadian chartered bank. The Company has also
entered into a hedging transaction by way of the purchase of one year put
options based on 100 barrels of oil per day at a strike price of $70.00 US/bbl.
The strategy provides some price protection without restricting the Company's
upside if the price of oil exceeds $70.00 US/bbl.


According to the independent engineering report prepared by Sproule Associates
Limited ("Sproule") for the acquired properties and made effective June 30,
2007, the proved reserves acquired consist of 462.6 Mbbl oil and 430 MMcf sales
gas, which equates to 534.4 Mboe. These proved reserves are all classified as
proved developed producing. The probable reserves acquired consist of 129.7 Mbbl
oil and 134 MMcf sales gas which equates to 152.1 Mboe.


The net present value of $10.69 million referred to in the August 22nd news
release is on a before tax basis and the price forecasts that formed the basis
for the revenue projection and net present value were based on Sproule's May 31,
2007 pricing model. The net present value of the reserves presented in the
August 22nd news release does not necessarily represent their current fair
market value.


Management estimates that the horizontal wells, which are planned to be drilled
on the Byemoor property, will cost approximately $1.25 million per well to drill
and complete. The source of funding for this drilling is anticipated to come
from the previously announced (by news release dated July 30, 2007) proposed
financings for aggregate gross proceeds of $5 million.


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 feet 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.