Attention Business Editors:

    First Calgary Petroleums Ltd.

    TSX SYMBOL: FCP

    LSE SYMBOL: FPL

    CALGARY, March 12 /CNW/ - First Calgary Petroleums Ltd. announces that

Mr. Yuri Shafranik, Director purchased 250,000 common shares of the company at

$2.00 (Cdn) per share on March 6, 2003 through the facilities of the stock

exchange. This purchase brings Mr. Shafranik's total holdings to 250,000

shares.

    This press release is being issued in compliance with the rules of the

Alternative Investment Market of the London Stock Exchange ("AIM").

    Website: www.fcpl.ca

 

    For further information: Richard G. Anderson, President and CEO, Tel

(403) 264-6697, European Contact: 4C Communications; Carina Corbett, Tel + 44

(0) 20 7907 4761

    (FCP. FPL)



END