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True North Energy Announces Second Well Participation Drilling Program in Texas

True North Energy Corporation (OTCBB: TNEN), an independent oil and gas exploration company, is pleased to announce that effective July 28, 2006 the company has entered into a one well participation agreement with Whitmar Exploration Company ("Whitmar"). Whitmar is acting as the operator on the well.

The program consists of drilling one 13,000 foot well to test the Yegua Sands on the Deweyville Prospect located in Newton County, Texas

The Yegua trend sands in the area have documented productive wells dating back to 1935. The play has been recently rejuvenated by significant field discoveries along the trend. An adjacent field to Deweyville Prospect, West Starks Field, produced in excess of 40 billion cubic feet of gas and over 6 million barrels of oil since its discovery in October of 1988.

The drilling operation on the Deweyville prospect started on August 5, 2006. The well is currently drilling at 5,400 feet.

By participating in the drilling program, True North will earn a 10% working interest on a 72% net revenue interest in the Prospect. True North Energy will pay 12.5% of well drilling costs before casing point and 10% of all costs after the casing point. The company will also pay its proportionate share of prospect costs including geological and geophysical costs, third party prospect fees, land brokerage costs, lease bonus and all other costs associated with the Prospect.

Under the agreement, True North Energy has an option, but not the obligation, to participate in additional well on the prospect by paying its proportionate share of the costs.

John Folnovic, True North Energy Corporation President and CEO, said: "The Deweyville Prospect is consistent with our strategy to increase geographic, play type and risk diversification of our North American portfolio."

Further Information

Shareholders and interested parties are encouraged to visit True North Energy's website: www.tnecorp.com and download True North Energy Corporation's Information Package. Please feel free to call shareholder relations toll-free on 1-888-567-0888 to receive a corporate information package. Alternatively, sign up at the website to receive news on the company as it becomes available.

About True North Energy Corporation

True North Energy Corporation is a publicly traded, independent oil and gas exploration company, with headquarters in Houston, Texas. True North Energy Corporation is focused on development of company's core asset in Alaska. The company is strategically located in the Cook Inlet and Beaufort Sea areas of Alaska and has commenced technical evaluation of its 34,850 acres of petroleum land holdings. True North Energy Corporation trades on the NASD OTC BB under the ticker symbol: TNEN.

John Folnovic, President and CEO

Whitmar Exploration Company was founded in 1979 and is a private energy company with offices in Denver, Colorado and Houston, Texas. The company is actively engaged in the drilling and development of natural gas and oil prospects in the continental United States, with primary focus on natural gas in the Mid-Continent, Rocky Mountain, and Gulf Coast regions.

Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that True North Energy Corporation can identify and successfully negotiate leases for oil and gas properties in Alaska, and that the Company can participate in the exploration of those properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.