Calgary, AB, December 4, 2003 – Further to the TSX Venture Exchange bulletin issued today, effective at the opening, Friday, Dec. 5, 2003, the common shares of Capitol Energy Resources Ltd. (TSX-V: CPX) (formerly Cell-Loc Inc. (CLQ) on Toronto Stock Exchange) will commence trading on the TSX Venture Exchange. The company is classified as an oil and gas exploration, development, and production company. Capitol Energy will trade under the symbol CPX.

Forward Looking Statements: This news release contains certain information that may constitute forward-looking statements under applicable securities laws. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Actual results achieved may vary from the results anticipated or implied herein and variations may be material. There is no representation by the Company that actual results achieved will be the same in whole or in part as those implied in any forward looking statements.

Neither the TSX nor the TSX Venture Exchange has approved or disapproved of the contents of this news release.

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For further information respecting Capitol Energy and the ongoing oil and gas company, please contact:

Monty Bowers

President & Chief Executive Officer

Capitol Energy Resources Ltd.

Phone: 403.809.4089 or 403.569.5712

monty.bowers@capitolenergy.ca