Dealing by Director                              

CALGARY, December 11 , 2003 - First Calgary Petroleums Ltd. ("FCP") announces
that on December 10, 2003, Mr. Darryl Raymaker, a non-executive director of the
Company, sold 129,271 common shares at a price of $6.55 per share. Mr. Raymaker
continues to hold 33,279 common shares and 1,200,000 stock options of FCP.

First Calgary Petroleums Ltd. is an oil and gas exploration company actively
engaged in international exploration and development activities, primarily 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, contact:                       

                              Richard G. Anderson                              

                               President and CEO                               

                         First Calgary Petroleums Ltd.                         

                              Tel: (403) 264-6697                              

                             Website: www.fcpl.ca                              

FCP Release October 20, 2003 Page 2


News Release

TSX: FCP LSE: FPL For Immediate Release



END