CDE

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA


CROCOTTA ENERGY INC. (TSX:CTA) ("Crocotta" or the "Company") is pleased to
announce that it has increased the maximum size of its previously announced
non-brokered private placement of common shares in the capital of the Company
("Common Shares") to be issued on a "flow-through" basis in respect of Canadian
exploration expenses ("CEE") to 4,190,000 Common Shares at a price of $3.70 per
share for gross proceeds of up to $15,503,000. In addition, the Company is also
issuing up to 1,860,000 Common Shares to be issued on a "flow-through" basis in
respect of Canadian development expenses ("CDE") at a price of $3.50 per share,
for gross proceeds of up to $6,510,000 (the "Private Placement"). 


The gross proceeds from the Private Placement will be used by Crocotta to incur
eligible CEE and CDE. The completion of the Private Placement is subject to
Crocotta receiving all necessary regulatory approvals, including approval from
the Toronto Stock Exchange.


The securities offered hereunder have not been registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any State in which such offer, solicitation or sale would be
unlawful.


FORWARD LOOKING STATEMENTS 

This press release contains forward-looking statements. More particularly, this
press release contains statements concerning the completion and terms of the
Private Placement and the expected use of proceeds therefrom.


The forward-looking statements contained in this document are based on certain
key expectations and assumptions made by Crocotta, including without limitation:
(i) with respect to the anticipated closing date of the Private Placement,
expectations and assumptions concerning timing of receipt of required regulatory
approvals and the satisfaction of other conditions to the completion of the
Private Placement, and (ii) with respect to the remaining forward-looking
statements, expectations and assumptions concerning the success of future
drilling and development activities.


Although Crocotta believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Crocotta can give no
assurance that they will prove to be correct. Since forward-looking statements
address future events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These include, but
are not limited to, the failure to obtain necessary regulatory approvals or
satisfy the conditions to closing of the Offering, risks associated with the oil
and natural gas industry in general (e.g., operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty of estimates and projections relating to
production, costs and expenses, and health, safety and environmental risks),
commodity price and exchange rate fluctuations; changes to existing laws and
regulations and uncertainties resulting from potential delays or changes in
plans with respect to exploration or development projects or capital
expenditures. Certain of these risks are set out in more detail in Crocotta's
Annual Information Form which has been filed on SEDAR and can be accessed at
www.sedar.com. The forward-looking statements contained in this document are
made as of the date hereof and Crocotta undertakes no obligation to update
publicly or revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise, unless so required by
applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Crocotta Energy Inc.
Rob Zakresky
President and Chief Executive Officer
(403) 538-3736


Crocotta Energy Inc.
Nolan Chicoine
Vice President, Finance and Chief Financial Officer
(403) 538-3738

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