Cavvy Energy LtdTSX: CVVY

Placement Completed in Accordance with Terms of Notice of Offer of November 22, 2005

· Issued by Cavvy Energy Ltd
RIMOUSKI, March 24 /CNW Telbec/ - In accordance with its notice of offer
of November 22, 2005, PDetrolia (PEA: TSX - V) has completed the sale of "B"
units still available by issuing 447,440 common shares at the price of $0.38
per share for a total of $170,000. These shares and warrants were locked up
until July 21, 2006. Each warrant will allow the holder to purchase one
PDetrolia share at a price of $0.48 per share until June 30, 2006 and $0.55 per
share until September 30. Moreover, 25,004 broker's warrants were issued, each
one giving the right to subscribe to one common share at the price of $0.38
until December 30, 2007.

Profit on the placement will be used by the Company's rolling funds.

Through this placement, the Company now has a total of 26,788,020 shares
issued.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

Company analysis