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LBR Longbow Resources Inc. (Tier2)

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Share Name Share Symbol Market Type
Longbow Resources Inc. (Tier2) TSXV:LBR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Longbow Resources and TriAxon Resources Announce Mailing of Take-Over Bid Documents

13/05/2008 3:49pm

Marketwired Canada


Longbow Resources Inc. (TSX VENTURE:LBR) ("Longbow" or the "Company") and
TriAxon Resources Ltd. ("TriAxon") are pleased to announce that, pursuant to the
Acquisition Agreement dated April 30, 2008 and entered into by the Company and
TriAxon, TriAxon has mailed its offer and take-over bid circular dated May 12,
2008 (the "Take-Over Bid Circular") to all securityholders of Longbow with
respect to its previously announced offer (the news release dated May 1, 2008)
to purchase all of the issued and outstanding common shares of Longbow, fully
diluted, at a price of CDN$0.70 per share (the "Offer"). In addition, in
response to the Offer, Longbow has mailed to its securityholders a directors'
circular dated May 12, 2008 (the "Directors' Circular"), pursuant to which the
board of directors of Longbow unanimously recommends that shareholders of the
Company accept the Offer.


The Offer is subject to a number of conditions including, a condition that a
minimum of 66 2/3% of the outstanding Longbow shares are properly tendered under
the Offer. As previously announced, directors, officers and shareholders of
Longbow holding approximately 73.8% of the outstanding common shares (calculated
on a diluted basis) have agreed to tender their shares to the Offer.


The Offer will expire at 5:00 p.m. (Calgary time) on Tuesday, June 17, 2008.
Peters & Co. Limited will act as dealer manager in respect of the Offer and
Olympia Trust Company has been retained to act as depositary under the Offer.
The Take-Over Bid Circular, the Directors' Circular and related bid documents
have been filed on SEDAR and are available for viewing at www.sedar.com, and may
also be obtained from Olympia Trust Company.


TriAxon is a private junior oil and gas company based in Calgary, Alberta, with
properties located in Alberta and Saskatchewan.


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
and forward-looking information. These statements relate to future events or
future performance by Longbow or TriAxon. All statements other than statements
of historical fact may be forward-looking statements and information.
Forward-looking statements and information 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. The forward-looking statements and information are based on certain
key expectations and assumptions made by TriAxon and Longbow, including
expectations and assumptions concerning the satisfaction of certain conditions
upon which the Offer is made. Although TriAxon and Longbow believe that the
expectations and assumptions on which such forward-looking statements and
information are based are reasonable, undue reliance should not be placed on the
forward-looking statements and information because TriAxon and Longbow can give
no assurance that they will prove to be correct. Since forward-looking
statements and information address future events and conditions, by their very
nature they involve inherent risks and uncertainties. This press release
contains forward-looking statements and information concerning the anticipated
timing for the expiry of the Offer. TriAxon and Longbow have provided this
anticipated time in reliance on certain assumptions that they believe are
reasonable at this time. This date may change for a number of reasons, including
the amendment of the Offer by TriAxon. Accordingly, readers should not place
undue reliance on the forward-looking statements and information contained in
this press release. Readers are cautioned that the foregoing list of factors is
not exhaustive. The forward-looking statements and information contained in this
press release are made as of the date hereof and TriAxon and Longbow undertake
no obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.


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