Trading Symbols:
CNQ: CBRL
Frankfurt Stock Exchange: WKN A0HHDC/
ISIN CA14987A1057
VANCOUVER, Aug. 13 /CNW/ - Further to the Company's news release on
August 8, 2008 with respect to the announcement of its new name, "CB Resources
Ltd." effective August 8, 2008, the Company is pleased to announce that it has
signed a letter of intent ("LOI") with Lariat Energy Corporation ("Lariat"),
an oil and gas company based in Texas, U.S.A. for the acquisition of certain
oil and gas projects in the U.S. Following months of investigating
complementary exploration opportunities suitable for the Company within the
mineral and oil & gas sectors, the Company is positive that with the
leadership participation of our Texas based director, Rafael Pinedo, who
joined CB Resources in February 2008, this project acquisition will be a
positive addition to its original mineral exploration interests.
The acquisition is subject to further due diligence, Board and regulatory
approval.
The CNQ has not reviewed, and does not accept responsibility for the
adequacy or accuracy of the contents of this news release.
