NEW SHOSHONI VENTURES LTD.
609-475 HOWE STREET
VANCOUVER, B.C.
V6C 2B3
TEL: (604) 682-1643
FAX: (604) 682-1666
TSX VENTURE EXCHANGE SYMBOL: NSV
Frankfurt: NWV
NEWS RELEASE
April 22, 2008
Preliminary Production Testing Completed at Sunrise Well
New Shoshoni Ventures Ltd. (the “Company”) is pleased to announce that it has completed the perforating and preliminary production testing of the of the 16-25-79-17 W6M well located in the Sunrise Natural Gas Field in North Eastern British Columbia.
The Company is pleased with the results of the preliminary production testing of this well. Burnable gas was encountered when the well was swabbed while minimal amounts of fluids appeared to be present. This indicates that the formations are gas bearing with very minimal amounts of formation water being produced when swabbed. The well will be fraced and production flow testing will take place as soon as the seasonal road bans have been lifted by the Government of British Columbia Ministry of Transportation.
The 16-25-79-17 W6M well has come in under budget for drilling. The Company would like to thank all of the service companies and contractors who made this possible.
The Company holds an option to earn a 65% interest (100% before pay-back) in a total of four sections in the Sunrise Region by drilling one exploration well per section. The company expects to drill an initial exploration well on each of the remaining three sections over the summer of 2008 to take advantage of the OGC summer drilling credits and in order to earn the remainder of its interest in these sections. Since the initial exploration well has encountered hydrocarbons at the Bluesky level, each additional exploration well will be drilled to the depth of the Bluesky formation. Maximum allowable well spacing in this region is 4 wells per section.
About the Sunrise Natural Gas field:
The Sunrise Natural Gas Field, located in Northeastern British Columbia, is known to host commercial quantities of hydrocarbons. Production data from other operators in the area indicates that both the Paddy and Bluesky, as well as other formations, produce in commercial quantities. Infrastructure related to exploration and production is excellent in the region. Companies with production in the Sunrise area include Crescent Point, Daylight Energy, Encana, GNP Oil and Gas, Pegasus Oil and Gas Inc, Petro-Canada, Pienza Petroleum Inc, and Terra Energy Corp.
A gathering system for natural gas is in place nearby. Access to the properties is excellent, being located on farm land which has very limited relief. The Alaska Highway, a major arterial route in the region, and the City of Dawson Creek are nearby.
Robert (Bob) Redford P. Geol. Eng., a director of the company and a Qualified Person pursuant to NI 51-101 has reviewed and approved the technical content of this news release.
The Company continues to evaluate other potential opportunities in the oil and gas sector.
Additional information on New Shoshoni is available on Shoshoni’s website at http://www.newshoshoni.com .
NEW SHOSHONI VENTURES LTD.
Ralf Hillebrand
President
For more information, please contact Mark Tommasi at 604-608-6314 or toll free at 1-877-454-0383.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.