Calgary, Alberta (FSCwire) - Standard Exploration Ltd. (“Standard” or the “Corporation”) (TSX VENTURE: SDE) has entered a Farmin Agreement with a major oil company whereby Standard has committed to drill 2 Test Wells into the Wabamun formation, with a continuing right to drill to earn up to 9.75 sections.  Each Test Well that has a horizontal leg of no less than 500 meters will earn Standard a 100% working interest, subject to a GORR, in three (3) sections of the farmout lands.  Farmout Lands are crown with the first year Crown royalty rate at 5%. Standard has also leased an additional 1.25 sections of freehold land in the same township and intends to shoot 3D seismic to assist in the drilling of the play.  

FOR FURTHER INFORMATION PLEASE CONTACT:

Standard Exploration Ltd.

Tom MacKay, CEO or Vince Ghazar, CFO

Office: (403) 262-4450

www.standardexploration.com

The Corporation is a Canadian based oil and gas corporation with operations in Alberta, Canada and is traded on TSX Venture Exchange.  The Corporation’s public filings may be found at www.sedar.com.

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

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to operations and seismic. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation's disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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