Longtom 3 Offshore Well Records Gas Flows of 77 Million Cubic Feet of Gas + 324 BBLS of Condensate Per Day in Lower Sands on International TME Resources Inc.

Dallas, Texas, (BUSINESS WIRE) Wednesday, September 20, 2006 — International TME Resources Inc. (OTC:ITME - News) is pleased to report that the operator of VIC/P54 states that the final appraisal objective of the Longtom 3 well has been achieved with outstanding gas flows recorded during the second production test. This is a key milestone in the commercialization of the Longtom field.

The test of the lower sands of the Admiral Formation ("100, 200 & 300 sands") flowed at an estimated rate of 77 Million cubic feet of gas per day through a 1 1/4" choke directly to the flare. The maximum flow rate using the test separator was 59 Million cubic feet of gas per day through a 60/64" choke with a flowing well head pressure of 2946 psi. Flow rates through the separator were limited by the capacity of the testing equipment.

The well was opened up at 5 PM on Friday, September 15th and flowed for 24 hours before being shut in to monitor the pressure response from the reservoir.

An average condensate rate of 324 barrels per day was recorded during a flow period with a gas rate of 36 Million cubic feet of gas per day. The condensate ratios recorded from this test are approximately twice that recorded in the Longtom 2 test over the 200 sands, and 5 times those recorded in the Longtom 3, test #1 over the 400 sands.

The results from this test demonstrate the excellent flow capacity of the lower Longtom reservoirs with a horizontal well completion. The flow capacity of Longtom 3 alone is expected to be sufficient to supply the anticipated maximum contract rate requirements for the Longtom Field.

The 100, 200 and 300 sands are expected to hold approximately 80% of field gas volumes and will provide the main source of commercial production.

Flow test #1 on the Longtom 3 well over the upper sands (400 reservoir sands) achieved an initial flow rate of approximately 30 Million cubic feet of gas per day before being choked back to achieve a stabilized rate. The shallower 400 sands tested (Longtom 3, test 1) are at lower pressure and are expected to be drained later in field life.

The Longtom 3 H (Horizontal) well reached a total measured depth of approximately 15,335 feet. Drilling intersected a total of 3,379 feet of gross gas reservoir.

Longtom 3 is expected to be the first of three production wells required for the field. One more Longtom well is planned prior to first commercial production.

The Longtom 3 well is located in VIC/P54 on TME's ORRI of 15% of .1 percent on the total permit of 155,676 gross acres located offshore Australia in the Gippsland Basin.

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.

Substantial holdings have been acquired in two world-class petroleum basins. The Cooper-Eromanga Basin (Onshore) located in the state of South Australia and the Gippsland Basin (Offshore) located in the Bass Straits and offshore to the State of Victoria.

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 have been discovered. 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 15,000 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 a well is planned to be drilled to 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.