International TME Resources Inc. Announces That Cased-Hole Production Tests To Begin On TME's ORR Interest Under PEL 100 - Fairbridge-1 Well

Dallas, Texas, (BUSINESS WIRE) Tuesday, April 18, 2006 — International TME Resources Inc. (OTC:ITME - News) is pleased to announce that pleased to announce that the operator of PEL 100 reports that the Ensign #5 workover rig is to commence the cased hole production tests on the Fairbridge-1 well on TME's overriding interest under PEL 100 in the next two weeks.

The start date is contingent upon the usual rig schedule uncertainties. The cased hole production tests are now progressing through the approvals process with the South Australia Government and the various items of equipment are being secured for the tests. PEL 100 is located in South Australia in the prolific Cooper/Eromanga Basin. TME's ORR interest of _ of 1% in PEL 100 covers 145,659 gross acres.

About Fairbridge-1 Well:
The Fairbridge-1 well is located in PEL 100 of the Cooper Basin in the north-east corner of South Australia. The Keleary and Telopea Oil Fields are located approximately 3.6 and 7.0 kilometers to the east of TME's PEL 100. The Keleary Oil Field encountered four commercial zones in three separate formations (Basal Birkhead/Hutton, Poolowanna and Tinchoo Fms), while the Telopea Oil Field encountered commercial oil in the Tinchoo Formation.

The Fairbridge-1 well was drilled in January 2006. The Fairbridge-1 was drilled on a twin seismograph high across the lease line from the Keleary-2 well. The Keleary-2 has produced approximately $60,000,000 worth of oil at today's prices. Following encouraging hydrocarbon signs in the Birkhead and Poolowanna formations, the well was cased and suspended with the intention of coming back at a later date to fully appraise the zones of interest via cased-hole production tests.

At the time of drilling Fairbridge-1, the open-hole production test equipment failed and so the zones of interest could not be open-hole production tested at that time.

The cased-hole production testing program is expected to take approximately two weeks to fully test the three zones of interest. Final evaluation of the data acquired during the evaluation of the well identified three zones of interest for cased hole production test as identified below.

1 Lower Poolowanna: 2,363-2,366 meters

2 Upper Poolowanna: 2,314-2,323 meters

3 Birkhead: 2,102-2,108 meters

The zones are being tested deepest first.

The Fairbridge-1 is a key test of the hydrocarbon prospectively west of the Keleary and Telopea oil fields. Evaluations would indicate that should Keleary be filled to spill as expected then the oil may have migrated through Keleary and into the Fairbridge structure.

Should Fairbridge-1 demonstrate the presence of productive hydrocarbons then there are a large number of immediate follow-up targets, which has the potential to open up a new productive region on PEL 100.

About TME:
The company has royalty interests in more than 4,651,695 acres located in two-world class petroleum basins in Australia, the Cooper-Eromanga Basin and the Gippsland Basin.

Offshore
The Company has acquired royalty holdings in 370,572 acres in the Gippsland Basin. This Basin contains some of the largest fields in the world and wells that are world record Producers. One well in the Halibut Field has produced 60 million bbls. of oil—a world record. Many TCF of natural gas have been produced from fields in this Basin.

Onshore
The Company has acquired royalty and working interest holdings in 4,281,123 acres in the Cooper-Eromanga Basin. To date, this Basin has produced a total of 11 Trillion cubic feet of natural gas and 450 million barrels of oil. Since the first gas discovery in 1963, a total of 123 gas fields and 58 oil fields have been discovered.

Texas
ITME has entered into a joint venture to develop a heavy oil and natural gas project in southwest Texas. A total of 13,500 acres, more or less have been acquired in the prospect MEGA WEST AREA. Multiple marble Falls Reefs have been mapped at a depth of 4,200 feet and the first site to be drilled will offset a mapped high to two old gas wells that produced .25 BCF per well. Cores will be taken in the Trinity Oil Sands at a depth of 1,000+, - feet over an interval of more than 70 feet. These cores will provide an update to previous old cores which verified the existence of the Trinity Oil Sand oil saturation. 65% oil saturation, 30% porosity and thousands of millidarcys of permeability were measured. ITME will earn a carried 30% net profits interest in the project and will manage the operation. The company's consulting geologist projects a multi-million barrel recoverable potential for the project.