and more to follow......current production total 18000/d....got cash flow!

CALGARY, ALBERTA, August 18, 2008 -- Fairborne Energy Ltd. (“Fairborne”) is pleased to provide the

following update for its Harlech 8-7-045-15W5M horizontal well. This well spudded on May 15, 2008

targeting the Nordegg Formation and reached a total depth of 4,379m including 883m of horizontal section

on July 30, 2008.

The well was stimulated over eight separate intervals using multistage horizontal fracturing technology and

flow-tested at various rates up to 360 e3m3/d (13 Mmcf/d) at a flowing wellhead pressure of 13,500 KPa

(1,950 psi) through 4½ inch casing. Fairborne anticipates equipping and tie in of the 8-7 well to be

completed by the end of the third quarter of 2008.

Fairborne currently controls 142 sections of land (110 net) at Harlech with Nordegg potential.

With this successful drilling and completion of the horizontal well Fairborne has significantly increased

both the flow rate and flowing pressures from the Nordegg Formation in the Harlech area by 10 times over

the average vertical producer.

The 8-7 horizontal section of the well contains 770m of reservoir quality sandstone with average porosity of

11% with some intervals up to 20%. This well, along with three vertical producers and four other

delineation tests, continues to validate both our seismic and reservoir model of the Nordegg Formation in

the Harlech area.

Fairborne is a crude oil and natural gas exploration, development and production company headquartered in

Calgary, Alberta, Canada. Fairborne’s shares trade on the Toronto Stock Exchange under the symbol

"FEL". The forward looking statements contained herein are made as at the date hereof and Fairborne does

not undertake any obligation to update such forward looking statements whether as a result of new

information, future events or otherwise, except as may be required by applicable securities laws.