March 6, 2008
Bighorn Petroleum Ltd. (TSX-V:BHP ) (“Bighorn” the “Company”)- Further to the Company’s news release dated
February 6, 2008 the Company spudded a Blue Sky test well located at c-96-F/94-P-7 Helmet Area
northeastern British Columbia.

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February 15, 2008
Bighorn Petroleum Ltd. (TSX-V: BHP) (the “Company”) is pleased to announce that further to its news releases of February 6, 2008, and February 12, 2008, it has now completed the second and final tranche of its non-brokered private placement and accordingly has issued 800,000 flow-through units (the “FT Units”) of the Company at a price of $0.10 per FT Unit and 6,830,000 non-flow-through units (the “NFT Units”) of the Company at a price of $0.10 per NFT Unit for total gross proceeds to the Company of $763,000.00.

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February 12, 2008
Bighorn Petroleum LTD. closes first tranche of non-brokered private placement financing.

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February 6, 2008
Bighorn Petroleum Ltd. (TSX-V:BHP ) (“Bighorn” the “Company”) - The Company wishes to announce that its plan to merge with Flying A Petroleum Ltd. (“Flying A”), Wyn Developments Inc. (“Wyn”) and Tenaka Drilling Consortium Ltd. (“Tenaka”) into a newly formed Company (Canada Gas Corp), as previously disclosed, is proceeding as planned and a shareholders meeting to approve the amalgamation and other matters is expected to be called in the short term.

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BIGHORN PETROLEUM LTD. is an independent Canadian natural resource company listed on the TSX – Venture Exchange under the trading symbol: V.BHP

The company has renewed its focus on oil and gas exploration and development. In order to reflect this, the company has changed its name and recruited senior oil and gas executives.  The main objective of the company is to create and sustain profitable per share growth. The company’s short term strategy is to focus on areas in the Western Canadian Sedimentary Basin. The company intends to explore and develop prospective resource plays. Which provides the economic platform to pursue the deeper more unconventional formations that have significant upside potential.

DRILLING UNDERWAY AT PROPHET RIVER (CLICK HERE FOR PICTURES)

The company is currently drilling a slave point test well located in the prospective Prophet River area of North Eastern British Columbia. By drilling this test well, the company will have the right to earn a 21 1/3 % working interest in approximately 11 (eleven) sections of leases and the test well from the surface to the deepest depth drilled by paying 33 1/3% of the cost of the 3D seismic program and the drilling, completion, and tie-in of the test well. Bighorn Petroleum will also have the option to earn an additional 10 (ten) sections by drilling an option well and will earn the option well and the 10 sections to the total depth drilled. See the news release here.

The company has also recently acquired a 2.5% gross overriding royalty in the Bougie Trutch natural gas play in North Eastern British Columbia. This resource play has three wells already drilled; one deep well in the winter of 2004/5 and two halfway development wells drilled during the current winter 2005/06. Two halfway wells have been drilled, cased and completed with no production numbers to date.

The halfway formation of the Bougie Trutch play holds strong potential and the company is pleased with the results so far. We expect additional halfway wells to be drilled over the next few years. 

On November 16, 2005 the company announced a right of first refusal to have an election to participate in a 10% working interest in the drilling of a natural gas well in Alberta, as well as a seismic program. This right of first refusal is subject to a positive report from the company’s geophysicist, geologist and landman.

The company is actively pursuing other oil and gas exploration projects in Canada and is now focusing its attention on the oil and gas sector of the natural resource business.

Bighorn’s common shares trade on the TSX Venture Exchange under the symbol BHP