Defiant Energy Corp.

Defiant Energy Corp., Calgary, (Toronto: DEF) has retained Waterous & Co. as advisor to maximize shareholder value. Defiant's proved reserves are 8.7 million barrels of oil equivalent, and proved-plusprobable total 13.4 million, before royalties, all in western Canada. End-of-second-quarter production was approximately 3,000 barrels of oil equivalent per day. It holds 93,061 net acres of undeveloped land. Net debt on June 30 was C$38.4 million. For more information, contact Adam Waterous at 403-265-8077