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Trivello closes Production Assets Acquisition

Calgary, AB. Trivello Energy Corp. (“Trivello” or the “Company”) is pleased to announce that it has closed the Asset purchase with Wild River Resources Ltd. (the “vendor”) associated with the Company’s Alexander property. Trivello’s wholly owned subsidiary DevExco Resources Ltd. (“DevExco”), acquired all of the vendor’s 40% net Working Interest (WI) in section 7-57-1 W5M for consideration of $55,000. As a result of concluding the formal agreement, DevExco has increased its current ownership of the Alexander property from 60% BPO (Before Pay Out) and 15% APO (After Pay Out) to 90% BPO and 55% APO. This transaction includes the vendor’s P&G rights in the Wabamum as well the rights in the producing 6-7 oil well, the 3-7 disposal well, all equipment currently on the property, including pump jack, flow lines, battery, and flare stack. DevExco will also assume role of Operator from the vendor.

Concurrently, the Company settled outstanding trade debt of over $85,000 owed to the vendor for past operations, the Company issued shares for debt in the amount of $70,000 at 7.5 cents per share to settle all outstanding debt owed to the vendor effective April 1, 2008.

Arndt Roehlig, President of Trivello states: “The Company acquired its interest in the Alexander property in December 2003 when oil was selling at approximately $30/barrel. Today, at over $120/barrel, the Company is now appointed Operator, and will undertake a work program to abandon the upper Ellerslie gas formation, which we believe has hindered productivity of the lower Wabamum formation. This lower formation has produced on and off for a total of over 5,000 barrels of 25.5 API oil this far. By abandoning the upper zone and removing the packer between both zones, the lower Wabamum Formation will finally communicate with the entire well bore instead of merely a few meters. At that time, the gas locking issue should finally be resolved and the well could come back and produce as much as 30 BOPD, which is what it was originally produced last time we (DevExco) conducted an “Independent Operation” to place the well into initial production.”

A comprehensive 51-101 compliant Engineering Report on the above property has been initialized and is currently being worked on. This Report will be available on www.sedar.com as soon as it becomes available.

To read more about the Companies projects, please visit www.trivello.com.

On behalf on the Board of Directors:
Arndt Roehlig
President

The TSX Venture Exchange has not reviewed this news and does not accept responsibility for the adequacy or accuracy of this release.