March Resources Corp. Spuds Pica #1 Well

CALGARY, ALBERTA, Jan 22 (MARKET WIRE) --
March Resources Corp. ("March") (TSX VENTURE: MCF) is pleased to
announce that they have spud Pica #1 in Northern Chile. Pica # 1 is on
the Pica Norte block in the Atacama Desert in Northern Chile. Drilling is
anticipated to take 45 days with completion and testing operations to
follow. Logging results should be available immediately thereafter. It is
anticipated that the Pica #2 well will spud shortly after the completion
of the Pica #1 well. March has a 100% interest in the prospect.

Safe Harbour

Statements in this press release may contain forward-looking information
including expectations of future operations, operating costs, commodity
prices, administrative costs, commodity price risk management activity,
acquisitions and dispositions, capital spending, access to credit
facilities, income and oil taxes, regulatory changes, and other
components of cash flow and earnings. The reader is cautioned that
assumptions used in the preparation of such information may prove to be
incorrect. Events or circumstances may cause actual results to differ
materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the
control of the company. These risks include, but are not limited to, the
risks associated with the oil and gas industry, commodity prices and
exchange rate changes. Industry related risks could include, but are not
limited to, operational risks in exploration, development and production,
delays or changes in plans, risks associated to the uncertainty of
reserve estimates, health and safety risks and the uncertainty of
estimates and projections of production, costs and expenses. The reader
is cautioned not to place undue reliance on this forward-looking
information.

TSX-Venture Exchange has in no way passed upon the merits of the
transaction and has neither approved nor disapproved the contents of this
press release.

Contacts:
March Resources Corp.
Dave Antony
President and CEO
(403) 531-1710
Email: dantony@marchresources.ca
Website: www.marchresources.ca

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