FPL First Calgary

    First Calgary Petroleums Ltd. - Dealing by Director

     TSX: FCP   LSE: FPL

     CALGARY, Aug. 2 /CNW/ - First Calgary Petroleums Ltd. (the "Company")
announces that 200,000 common shares were issued by the Company pursuant to
the exercise of stock options by Mr. Darryl J. Raymaker, a non-executive
director of the Company. The stock options, which were otherwise expiring next
week, were exercised at $0.77 (Cdn.) per share on August 1, 2006. Mr. Raymaker
now holds 245,979 common shares and 750,000 stock options.

     First Calgary Petroleums Ltd. is an oil and gas exploration company
actively engaged in international exploration and development activities in
Algeria. The Company's common shares trade on the Toronto Stock Exchange in
Canada (FCP) and on the AIM market of the London Stock Exchange in the UK
(FPL).
     This press release is being issued in compliance with the rules of the
AIM market of the London Stock Exchange.

For further information: Richard G. Anderson, President and CEO, First
Calgary Petroleums Ltd., Tel: (403) 264-6697, Website: www.fcpl.ca
(FPL)

 



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