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Avondale Resources Corporation Acquires Oil and Gas Lease Option on 23,000 Acres in Oklahoma

Posted on: Thursday, 3 November 2005, 12:00 CST

Avondale Resources Corporation (Pink Sheets:ANDL) announced the acquisition of a 180 day option to purchase approximately 23,000 gross acres of oil and gas leases in Oklahoma. The option consists of acreage in over 20 Oklahoma counties covering portions of the Anadarko Basin, Sooner Trend, Arkoma Basin, Greater Hugoton Field, and other areas of the state. In recent months competition over Oklahoma acreage has increased as commodity prices have created another boom. The Company, by creating this offer, will be given first right of refusal over what the Company believes will be a very substantial reserve addition.

About Avondale Resources Corporation:

Avondale Resources Corporation is an oil and gas exploration company actively seeking to acquire and develop additional oil and gas properties in Kansas and Oklahoma. Company plans are to develop oil and gas assets through enhancement of mature fields, marginal wells and close-in drilling. For more information about the Company, please visit: www.AvondaleResourcesCORP.com

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligations to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

Source: Business Wire

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