KJ5 on the Frankfurt Exchange
Kenartha Oil and Gas Limited Starts Up Drilling Program of Next 15 Wells in Southern Ontario - (Mar. 21, 2007)

Toronto, Ontario - Kenartha Oil & Gas Company Limited (Frankfurt Exchange: KJ5), an explorer and developer of natural gas resources, is pleased to announce the start up of the drilling of the second 15 wells in its expansion program in southern Ontario, Canada.

Well site location surveying, preparation of license applications and permitting, and reclamation security deposits are underway for the initial 4 wells, with additional wells to follow. 

Spudding of the initial 4 wells (consisting of drilling through the overburden down into the bedrock and then, placing and cementing a casing pipe into the bedrock) is scheduled to commence within the next three to four weeks.

About Kenartha Oil and Gas Company Limited

Kenartha Oil & Gas Company Limited (Kenartha) is an oil and natural gas exploration, acquisition, development and production firm.

The Company holds interests in natural gas production facilities in southern Ontario, Canada near Canada's first oil wells. Kenartha has sales agreements with Union Gas Limited for the purchase of its natural gas production.

Kenartha is traded on the Frankfurt Exchange under the symbol “KJ5”. For further information please visit the company’s website at

WARNING: The company relies upon litigation protection for "forward-looking" statements.

Information presented in this newsletter contain 'forward looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking statements.' Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as 'projects', 'foresee', 'expects'', 'will,' 'anticipates,' 'estimates,' 'believes,' 'understands' or that by statements indicating certain actions 'may,' 'could,' or 'might' occur.

For further information contact:

Mr. Ernest Harrison, EM, CEO
Mr. Marty Martinello, B.A., V.P.
Phone: 705-474-7282
Fax: 705-474-5491
  Mr. Robert Chase, B.A., CFO
Fax:  416-368-6827

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