NEWS RELEASE TRANSMITTED BY Marketwire
FOR: SURGE RESOURCES INC.
AND: EAGLEWOOD ENERGY INC.
Surge Resources Inc.: Name Change to Eaglewood Energy Inc. OCT 30, 2007 - 18:09 ET
CALGARY, ALBERTA--(Marketwire - Oct. 30, 2007) - Surge Resources Inc. ("Surge") (NEX BOARD:SRH) is pleased to announce that its name has been changed from Surge Resources Inc. to "Eaglewood Energy Inc." The name change was approved by the shareholders of the Corporation at the Annual General and Special Meeting held October 30, 2007.
Effective November 5, 2007, the common shares of the Corporation will commence trading on the TSX Venture Exchange (symbol "EWD") under the name "Eaglewood Energy Inc."
In addition, Surge has granted 600,000 options to purchase common shares with an exercise price of $1.06 per common share to directors and officers of Surge and an additional 400,000 options to purchase common shares of Surge with an exercise price of $1.06 per common share to employees and consultants of Surge.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Surge Resources Inc.
President and a Director