FRONTIER (INCLUDING JOINT LEASES)

UTS Energy announced the contingent bitumen resource estimates following the results of an independent review of bitumen resources for its three major oil sands projects, Fort Hills, Frontier and Equinox, Alberta, Canada. At Fort Hills, the Best Contingent Bitumen Resources is estimated at 3,390 million of barrels, Equinox project has a Best Estimate Contingent Bitumen Resources of 330 million barrels and Frontier pproject has a Best Estimate Contingent Bitumen Resource of 1,450 million barrels.

UTS Energy Corporation announced new drilling results from Leases 421, 022 and 023 (the "Lease 421 Area") located east of the Firebag River in northeastern Alberta. These leases are owned jointly with Teck Cominco on a 50:50 basis. Eight core holes have been drilled this winter, of which six have encountered oil sands within the McMurray Formation. This is the second year of drilling in Lease 421 Area for UTS and Teck, having previously encountered high grade oil sands during the 2008 drilling program. CEO and President William Roach commented, "We have now drilled a total of 13 core holes over the last two years and encountered high grade oil sands in 11 of these, with oil sands thickness estimates of between 10 metres and 25 metres, and overburden thicknesses ranging from 23 metres to 68 metres. We are continuing our delineation program in this area and anticipate drilling approximately 55 core holes in total during the first quarter of 2009. Upon completion of this drilling program, we expect to have sufficient data to determine if the potential exists for a fourth UTS oil sands project, with the results of these analyses available by year end."

UTS Energy today announced the addition of its Frontier Project to its contingent bitumen resource status following the results of an independent review of bitumen resources for its three major oil sands projects. The three year exploration program has resulted in identifying two additional oil sands mining projects: the Equinox oil sands project and Frontier oil sands project, in both of which UTS holds a 50 per cent working interest and Teck holds the other 50 per cent. The Equinox Project holds 330 million barrels of contingent resource and the Frontier Project holds approximately 1.6 billion barrels of contingent resource.