Border Announces Closing of Asset Sale

Border Petroleum Limited ("Border" or the "Corporation") (TSX VENTURE:BOR)
announces that, subject to final TSX Venture Exchange approval, it has completed
an arm's length transaction pursuant to an Agreement of Purchase and Sale
between the Corporation and a private limited partnership whereby the
Corporation has divested of its Leduc assets in consideration for $1,800,000 in
cash. 


Border also announces the termination of John Aihoshi's employment contract as
Chief Financial Officer ("CFO"). Mr. Aihoshi will continue to serve in the CFO
position on a consulting basis as part of management's commitment to the
Corporation's future growth.


Neither the 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Border Petroleum Limited
Al Kroontje
[phone]
[phone] (FAX)


Border Petroleum Limited
Steve Thompson
[phone]
[phone] (FAX)


Border Petroleum Limited
John Aihoshi
[phone]
[phone] (FAX)
www.borderpetroleum.com