The beaten-down, about to bounce list for 2005

Longbow Energy Corp. Announces Continued Drilling Success



CALGARY, ALBERTA, Dec 22, 2005 (CCNMatthews via COMTEX) --
OPERATIONS UPDATE

LongBow Energy Corp. (TSX VENTURE:LBV) (the "Company") together with its partners has successfully drilled and cased three Mannville depth gas wells in the Leduc area with multiple gas pay zones in each of the wellbores. Completion operations are underway on the wells. LongBow has earned 12% in each of these wells by paying 20% of costs to tie-in. In addition, LongBow has successfully negotiated farm-in terms on four shallow gas wells in the same area and with the same partners and terms. Drilling operations on those wells are underway at present.

The Company also announces the successful drill and case of a second Coal Bed Methane (CBM) well in the Three Hills area of Alberta. This is the second well drilled on the lands acquired earlier this year. Completion and testing of this well will occur during the first quarter of 2006 with additional completion and testing to occur upon government approval of commingling multiple CBM zones and gas sands within the wellbores. LongBow has paid 50% of the drilling and completion costs to earn 25% in the well and three additional spacing units. To date, LongBow has earned rights to drill an additional six wells on the CBM and shallow gas prone lands. The Company together with its partners, have a drilling plan in place to commence the first quarter of 2006 on two additional sections of CBM and shallow gas land in the Three Hills area.

LongBow is a junior oil and natural gas company based in Calgary, Alberta with properties located in Alberta at Cold Lake, Leduc, Leahurst, Tofield, Garrington, Three Hills and in the Meadow Lake, Saskatchewan area.

= = =
PREVIOUS N.R.
LongBow Energy Corp. ("LongBow") (TSX VENTURE:LBV) is pleased to
announce that it has entered into a share purchase agreement dated
November 29, 2005 (the "Share Purchase Agreement") in respect of an
arm's length acquisition of Discovery Drilling Funds Inc., Discovery
Drilling Funds 1 Inc., Discovery Drilling Funds 2 Inc., Discovery
Drilling Funds 3 Inc. and Discovery Drilling Funds 4 Inc. (collectively,
the "Discovery Group"). Pursuant to the terms of the transaction,
subject to completion of satisfactory due diligence and receipt of
applicable regulatory approvals, LongBow intends to acquire all of the
issued and outstanding securities of the Discovery Group.

The common shares of the Discovery Group (the "Discovery Shares") will
be acquired for 57,198,000 LongBow Common Shares ("LongBow Shares").
Assuming that all of Discovery's shares are purchased on the effective
date of the Acquisition approximately 57,198,000 LongBow Shares will be
issued at a deemed price of $0.125 per share. Upon completion of the
Acquisition former Discovery Group shareholders will hold approximately
54% of the issued and outstanding LongBow Shares while existing LongBow
shareholders will hold 46%. Discovery Group shares are widely held,
therefore, this is no change of control associated with this transaction.

LongBow is a junior oil and gas company listed on the TSX Venture
Exchange.

The Discovery Group is a group of 5 private oil and gas companies
incorporated under the Business Corporations Act (Alberta) engaged in
the exploration for, and the development and production of, crude oil
and natural gas in the provinces of Alberta, Saskatchewan and British
Columbia.

= = =
SUBJECT: Production outlook Posted By: 6180
Post Time: 12/21/05 11:20

AS of the merger, they will be producing nearly 200 BOE's a day. The key to this deal is LBV has acquired significant land with production potential that they can put to use with their $2 million in the bank. It seems a win-win for both sides. One has the money and the listing, the other has the production and the land. And the current market cap is more than reasonable (100 million shares equals $13 million market cap) since 200 BOE's is worth 10 million CAN and they have $2million in cash. (This market cap doesn't take inaccount any reserves that can now be brought on-line with this capital infusion from LBV)

@: