Result Energy Inc. is pleased to provide a year end 2007 summary and an update on 2008/09 exploration plans:

2007 Review

Result’s average daily production increased for the 6th consecutive year to 1,119 boed from 823 boed in 2006, a 36% year over year increase. Production is currently 90% weighted to natural gas and following the April 30, 2008 disposition of Saskatchewan assets, the Company’s current productive capacity is now estimated at 950 boed.

Funds from operations increased by over 52% for the year; to $6.2 million from $4.1 million in 2006. Fourth quarter funds from operations was $0.86 million, down 37% from the same period last year.

The proved plus probable additional (”P+PA”) reserves at December 31, 2007 increased to 3.55 million boe, up 3% from a year earlier. However the P+PA reserve value discounted at 10% was down 5% from the prior year. This was due primarily to a low price forecast used by the Company’s independent reserves engineers.

It should be noted that the December 31, 2007 reserve report was based on forecasted future gas prices averaging $6.53/mcf for 2008 and $7.26 for 2009. The winter draw-downs in North American natural gas storage levels have caused significant increases in spot and forecast natural gas prices. A NI 51-101 compliant reserve report update, based on a revised gas price forecast, increases Result’s December 31, 2007 NPV 10% P+PA reserve values by approximately $5.3 million.

Finding and development (”F&D”) costs for P+PA reserves were $24.13/boe excluding future capital. Result’s 3 year average F&D costs were $15.80/ boe. When taken over the 3 year average, they are comparable to industry standards.

In 2007, we participated in 22 wells (10.6 net), resulting in 16 (7.3 net) cased and potential gas wells, 4 (1.8 net) suspended and 2 (1.5 net) dry and abandoned wells for an overall 86% (net) success rate.

The full MD&A and audited financial statements for 2007 are available for review on SEDAR and the Company’s website.

The recent royalty changes in Alberta have made it difficult for Result to justify the same levels of capital investment in the Province that the Company has committed over the past 3 years. Unlike many juniors with no alternative project areas to invest in, Result has a significant growth opportunity in the Horn River Basin of northeastern British Columbia. The Company expects capital investment in B.C. to account for up to 70% of its budget over the next 2-3 years.

Horn River Basin

Over the past year, Result Energy has been acquiring a large land position in the Horn River Basin. This Muskwa-Evie shale gas play is now receiving considerable industry attention as initial well results from the 2008 winter drilling season are announced.

The Company currently owns 40 sections at 100% working interest within the southeastern portion of the Horn River Basin. The Company’s lands are prospective for both the Middle Devonian shale gas play and the underlying Keg River platform gas play. Based on comparable figures recently announced by area operators and B.C. government sponsored studies, Result estimates the potential shale gas resource on these lands at between 100 and 200 bcf per section.

The Company plans to kick off its Horn River evaluation program beginning in Q1 2009. This program is designed to deliver ‘proof-of-concept’ data for both the shale gas and platform gas plays. During Q1 2009, Result expects to drill at least two vertical wells in the area to confirm the shale potential and provide gas-in-place resource estimates. Additional Q1 2009 activity will include comprehensive 2-D seismic acquisition to define specific platform prospects. In commenting on this project, Bill Matheson, Result’s President and C.E.O., said “We entered this play early to provide significant upside value for our shareholders. Obviously, we are thrilled that the industry results announced to date have been very positive for this play”.

Result’s AGM is scheduled for 3:00 PM on Tuesday, May 27, 2008 at the Calgary Petroleum Club, Viking Room, at which time additional information relating to plans for 2008-2009 will be discussed.

Investors are cautioned that this news release contains forward looking information. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements. In addition, Result has applied the industry standard of converting natural gas volumes at six thousand cubic feet per barrel (6 mcf/bbl) of natural gas to barrels of oil equivalence (”boe”). Boe units may be misleading, particularly if used in isolation.

Result Energy Inc. is a publicly traded Canadian energy company involved in the exploration and development of oil and gas properties in western Canada. Result trades on the TSX Venture Exchange under the symbol “RTE”.