2009-08-11-2008-03-01

To purchase small WI in wells, 16,000 acres.

Upper Lake Oil and Gas Ltd., Calgary, (Toronto: UP) plans to acquire assets in central Alberta and northeastern British Columbia from Crocotta Energy Inc., Calgary, for C$3.2 million. The assets include 16.67% net working interest in one well at Tupper in British Columbia, 3.2% net interest in five cased and tested wells awaiting tie-in in Alberta, and varying working interests in 16,000 acres, including a one-third working interest in the Tupper area. Upper Lake will finance the acquisition with existing credit facilities. The deal is expected to close by the end of February.