Longbow Resources closes private placements for gross proceeds of $6.5 million

On July 9, 2007, Longbow Resources Inc. announced the closing of the second part of its previously announced non-brokered two-part private placement of securities pursuant to the conditional approval of the TSX Venture Exchange. In this closing, Longbow issued $1.75 million principal amount convertible debentures, 8,125,000 common shares at $0.40 per share and 2,029,465 common share purchase warrants to the subscribers, including Kisco LBR LLC. In the first closing on May 31, 2007, Longbow issued a $1.5 million convertible debentures and 350,000 common share purchase warrants to Kisco LBR LLC.

The proceeds from these private placements will be used to finance continuing exploration and development activities at Longbow's Alberta properties, as well as for acquisitions and general corporate purposes.

Longbow is a junior oil and natural gas company based in Calgary, Alberta with properties located in Alberta, British Columbia and Saskatchewan.

Longbow was advised in these transactions by Fasken Martineau with a team comprised of Rod Ferguson and Hugoline Morton (securities/energy) in Calgary, and Frank Schober (tax) in Vancouver.