Longbow Resources-Status of New Financings

Longbow Resources Inc. (TSX VENTURE:LBR) ("Longbow" or the "Company") wishes to
report that the private placement of flow-through common shares to be issued to
various subscribers at a price of $0.48 per flow-through share previously
announced by news release dated July 30, 2007 has received conditional
acceptance from the TSX Venture Exchange (the "Exchange") and is expected to
close in early September, 2007.


The proposed $4.5 million financing to Kisco LBR LLC by way of a two-part
private placement received conditional acceptance from the Exchange on August
22, 2007 and is expected to proceed, however, the closing of this financing will
be delayed until the Company obtains the required disinterested shareholder
approval of the second part of the proposed financing. The Company originally
anticipated obtaining such shareholder approval at its annual and special
meeting of to be held on September 25, 2007, however, due to timing constraints,
the required information could not be included in the meeting materials
currently being mailed to shareholders. Longbow will provide further information
regarding the status of the proposed financing with Kisco LBR LLC as soon as it
is available.


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.