FCP:Company has received proposals from third parties relating to the sale of the Company

First Calgary Petroleums Ltd. - Re Share Price Increase
15:28 EDT Wednesday, September 03, 2008

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TSX: FCP
AIM: FPL
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CALGARY, Sept. 3 /CNW/ - First Calgary Petroleums Ltd. (FCP or the Company) advises that the Company has received proposals from third parties relating to the sale of the Company or a significant asset disposal. The Company is in discussions with these parties.
FCP is issuing this press release at the request of IIROC on behalf of the TSX in response to recent volatility in its share price and speculation regarding a potential sale of the Company or a significant asset disposal.
No agreement has been entered into and accordingly no assurance can be given that these discussions will lead to a binding agreement relating to the sale of the Company or a significant asset disposal.
FCP will make no further announcements or communications regarding these proposals until either an agreement has been reached or discussions are terminated without such an agreement being reached.
Company Profile
First Calgary Petroleums Ltd is an oil and gas company actively engaged in international exploration and development activities in Algeria. The Company's common shares trade on the Toronto Stock Exchange in Canada (FCP) and on the AIM market of the London Stock Exchange in the United Kingdom (FPL). Further information is available on the FCP website: www.fcpl.ca