Cirrus Energy Corporation Files 2010 Statement Of Reserves Data

CALGARY, Dec. 16 /CNW/ - Cirrus Energy Corporation ("Cirrus" or the "Corporation") today filed with the securities regulatory authorities in Canada, through the System for Electronic Document Analysis and Retrieval ("SEDAR"), its statement of reserves data for the year ended August 31, 2010 ("Statement of Reserves Data"), which includes the disclosure and reports relating to reserves data and other oil and gas information. In connection with the Statement of Reserves Data, the Company has also filed on SEDAR Form 51-101F2 Report on Reserves Data by GLJ Petroleum Consultants Ltd. and Form 51-101F3 Report of Management and Directors on Reserves Data and Other Information.

This filing is available for review at www.sedar.com.

Cirrus Energy Corporation is an international oil and gas company headquartered in Calgary with operations in The Netherlands and the U.K.

Forward-Looking Statements

This press release may include forward-looking statements including opinions, assumptions, estimates and expectations of future production, cash flow and earnings. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, the volatility of oil and gas prices, the ability to implement corporate strategies, the state of domestic capital markets, the ability to obtain financing, changes in oil and gas acquisition and drilling programs, operating risks, production rates, reserve estimates, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by Cirrus with securities regulatory authorities.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information: David Taylor, President and Chief Executive Officer; Theo Bergers, Managing Director, Cirrus Energy Nederland B.V.; Cirrus Energy Corporation, Suite 208, 5 Richard Way S.W., Calgary, Alberta, T3E 7M8, Canada, Website: www.cirrusenergy.ca, Telephone: [phone], Facsimile: [phone]