Santa Maria Petroleum Inc.'s Llanos Block 21 Operator Abandons Calacho-1 and Rocamao-1 Wells

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Santa Maria Petroleum Inc. (TSX VENTURE:SMQ) ("Santa Maria" or "the Company")
has been informed by Omega Energy Colombia, the operator of the Llanos 21 block
in the Llanos basin in Colombia, that it has abandoned the Calacho No. 1 and the
Rocamao No. 1 wells. The wells were part of a continuous two well drilling and
testing program carried out by the operator in fulfillment of the exploration
requirements on the block. Completion and testing of the wells was delayed by a
combination of weather conditions and blockades of industry access roads in the
area by local citizens.


The C7 formation in the Calacho No. 1 well was recently tested. During the test
period the C7 formation produced a total of 5,857 barrels of fluid, consisting
of 5,669 barrels of water and 188 barrels of 35 degree API oil. The maximum
fluid production rate was approximately 1,450 barrels per day. The testing
program was ended when the water cut reached 100%. With no further oil
production, the operator made the decision to abandon the well.


The C7 formation in the Rocamao No. 1 well was also tested. The C7 formation
produced 64 barrels of water in 3 hours at rates that fluctuated between 192 and
336 barrels of fluid per day. Total testing resulted in the production of 329
barrels of water with no oil produced and the decision was made by the operator
to abandon the well. With no oil produced, the operator made the decision to
abandon the well.


Santa Maria has satisfied its financial obligations in respect of the block and
following the abandonment of both the Calacho No. 1 and the Rocamao No. 1 wells,
intends to terminate its remaining interest in the block.


About Santa Maria Petroleum Inc.

Santa Maria is a junior oil and gas company that currently has private
participating interests in 2 blocks in the Llanos Basin of Colombia.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Cautionary Statements

This news release contains forward-looking information and forward-looking
statements within the meaning of applicable securities laws (together,
"forward-looking information"). The use of any of the words "expect",
"anticipate", "continue", "estimate", "believe", "plans", "intends",
"confident", "may", "objective", "ongoing", "will", "should", "project",
"should" and similar expressions are intended to identify forward-looking
information.


The forward-looking information is based on certain key expectations and
assumptions made by Santa Maria. Although Santa Maria believes that the
expectations and assumptions on which the forward-looking information is based
are reasonable, undue reliance should not be placed on the forward-looking
information because Santa Maria can give no assurance that they will prove to be
correct.


Since forward-looking information addresses future events and conditions, by its
very nature it involves inherent risks and uncertainties. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks. These include, but are not limited to, the inherent risks involved in
the exploration and development of oil and gas properties, the uncertainties
involved in interpreting drilling results and other geological data,
uncertainties relating to fluctuating oil and gas prices, the possibility of
cost overruns or unanticipated costs and expenses and other factors including
unforeseen delays. Anticipated exploration and development plans relating to
Santa Maria's properties are subject to change.


The foregoing list of assumptions, risks and uncertainties is not exhaustive.
The forward-looking information contained in this press release is made as of
the date hereof and Santa Maria undertakes 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Santa Maria Petroleum Inc.
Ronald MacMicken
President & Chief Executive Officer
416-943-0021
[e-mail]
www.smpetroleum.com