TUSK Energy Corporation: Northeastern British Columbia Asset Swap Completed

Mon Mar 31, 5:59 PM

CALGARY, ALBERTA--(Marketwire - March 31, 2008) - TUSK Energy Corporation ("TUSK") (TSX: TSK.TO) is pleased to announce that it has completed the northeastern British Columbia asset swap transaction as previously announced on March 7, 2008.

TUSK is engaged in the acquisition, exploration, development and production of oil and natural gas reserves in three focus areas in the north-western part of the Western Canadian Sedimentary Basin. TUSK is developing natural gas production in the Conroy area of north-eastern British Columbia and light oil and natural gas in the Mega/Gutah and Peace River Arch areas of northern Alberta.

Contacts

John Rooney
TUSK Energy Corporation
Chief Executive Officer
(403) 264-8875

Michael Makinson
TUSK Energy Corporation
VP Finance and Chief Financial Officer
(403) 264-8875
Website: www.tusk-energy.com