Masters Energy Inc. Files Year End Oil and Gas Disclosure

Masters Energy Inc. Files Year End Oil and Gas Disclosure

Masters Energy Inc. announced that it has filed with Canadian securities authorities its Annual Information Form for the year ended December 31, 2006, including disclosure and reports relating to reserves data and other oil and natural gas information pursuant to National Instrument 51-101. Copies of Masters filed documents may be obtained through SEDAR at www.sedar.com, Master’s website at www.mastersenergy.com or by emailing Masters at boyd@mastersenergy.com.

Masters is an Alberta-based corporation engaged in the acquisition, exploration and development of petroleum and natural gas reserves in western Canada. Masters common shares are listed on the Toronto Stock Exchange under the trading symbol “MSY”.

Contact:

Geoff Merritt Masters Energy Inc. President & CEO

(403) 290-1785

Randall Boyd Masters Energy Inc. Chief Financial Officer (403) 290-1785

Website: www.mastersenergy.com

Source: Masters Energy Inc.

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