Celtic Exploration Ltd. files 2007 Annual Information Form

(Stock Symbol "CLT" - TSX)

CALGARY, March 27 /CNW/ - Celtic Exploration Ltd. has on today's date filed its Annual Information Form for the year ended December 31, 2007, which contains the disclosure and reports relating to reserves data and other oil and gas information, effective as of December 31, 2007, required pursuant to National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators. A copy of this document may be found for viewing on the System for Electronic Document Analysis and Retrieval website at www.sedar.com.

Contacts

CELTIC EXPLORATION LTD.
Suite 500
505 - 3rd Street SW
Calgary
Alberta
Canada
T2P 3E6

David J. Wilson
President and Chief Executive Officer
(403) 201-5340

or Sadiq H. Lalani
Vice President
Finance and Chief Financial Officer
(403) 215-5310

or Visit our website at www.celticex.com