| ||May 18, 2005|
New Brunswick Well Completion Update
| ||May 18, 2005, (Vancouver, British Columbia) MBA Energy Corporation, a wholly-owned subsidiary of MBA Gold Corp. (TSX-V: MBA) announced today that the Contact-MBA Gautreau F-29-2328 well has been completed and tested in 3 intervals totaling over 27 meters of potential pay. Completion operations included perforating the above intervals and running recorders to measure pressure build-ups. Sampling of oil and gas recoveries and flow testing were also carried out. Results of the completion indicated that both oil and gas are present, but current rates of recovery do not appear to be economic without further stimulation. MBA and its partner, Contact Exploration Inc. (TSX-V: CEX), will continue to monitor pressure build-ups at surface and, over the next few weeks, will be reviewing the well data to determine the viability of further stimulating one or more zones.|
MBA Energy Corporation has earned a 50% working interest in the well and the surrounding 3 section Dover Prospect by incurring 100% of the drilling and completion costs.
MBA Energy Corporation is a wholly-owned subsidiary of MBA Gold Corp., a natural resource company whose strategy is to acquire a portfolio of properties that have indicated resources and require further exploration or development work. MBA will add value to these projects by providing capital, exploration expertise and where justified, development and production planning.
For more information, contact Mr. Cam White at 604-707-0373.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or the adequacy of this press release.
Visit our website at www.mbagold.com
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