Blue Horizon Energy Inc.'s ("BHE") mandate has been established to explore, develop and produce crude bitumen feedstock for growing world demand.

BHE will develop its strong resource base by aggressively pursuing properties. Assets will be acquired through grass roots exploration, partnering with other regional operators and through the outright purchase of high quality properties. BHE is aiming to become a significant producer in Western Canada.

Following an initial technical evaluation of BHE's Normandville oilssands, BHE purchased the rights to 9,000 acres in two oilsands leases in the Peace River Arch area, Canada’s third largest oil reserve. BHE has now drilled and cored three test wells on the Normandville Property with partners paying 90% of the costs to earn 50% of BHE's ineterest. The test results are currently being evaluated and an engineering report is being commissioned by an independent renowned engineering firm.

BHE has completed drilling a 2,550 meter horizontal well targeting the Dunvegan B Formation located at 29-062-24 WSM. BHE has a 15% "turnkey" working interest in the Waskahigan horizontal test well and surrounding 160 acres.

Expanding this asset base will play a key role in meeting the business objectives of BHE. Future growth opportunities will be examined for both value and strategic merit. Developing business relationships with other regional stakeholders will assist this business strategy.

The Company will endeavor to leverage the spirit of a smaller organization, with experienced leadership and recognized industry professionals, to become a growth-oriented and profitable organization.