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News Releases Monday, March 7, 2005 International TME Resources Inc. reports that eight wells are scheduled to be drilled on its Oil and Gas Royalty Holdings in Australia Dallas, Texas, Monday, March 07, 2005 — International TME Resources Inc. (ITME) OTC announces that five or more wells are to be drilled on the onshore PEL 115 (273,297 acres) permit by the operator, Victoria Petroleum during the next six months. A well is planned for 2005 on the onshore PEL 111 (292,819 acres) permit by the operator, Victoria Petroleum NL. Cooper Energy N.L. will drill a well on the onshore PEL 88 (1,230,000 acres) permit in April 2005. Offshore, the VIC-P45 (214,896 acres) permit is planned to be drilled in May 2005 by Exoil Ltd., the operator. For the BoardAllen White Allen White (signed), President International TME Resources Inc. 6370 L.B.J. FRWY., Suite 174 Dallas, TX 75240 972.458.7013 Symbol: ITME Web: www.tmeresources.com This document contains forward-looking statements within the meaning of Section 21 E of the Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ for reasons that include but are not limited to political and economic conditions in the countries in which the Company does or intends to do business, regulatory action, product pricing, change in drilling schedules and competitive market conditions. These forward-looking statements represent the Company's best judgement at the date of this document and any changes in assumptions or external factors could produce significantly different results. |
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