CALGARY, ALBERTA--(Marketwire - May 26, 2008) - March Resources Corp. ("March") (TSX VENTURE:MCF) announces that the Pica #2 well was drilled, on the Pica North block in Chile, to a total depth of 2,700 meters and has been logged. No increase in background gas readings was observed during the drilling operations and logs confirmed that there were no hydrocarbons present. The well is currently being abandoned.

The Pica #2 well drilled into thin shale beds 175 meters higher than anticipated. However, the shale at this location was silicified and as a result, not capable of generating any gas. In addition, this silicification of the shales and sands at this location likely inhibited vertical movement of any gas into the shallower sediments, similar to what was observed in the Pica #1 well.

March believes the structure into which the Pica #1 and #2 wells were drilled represents a near shore, Jurassic aged peninsula, this would explain the thin nature of the shale beds encountered at Pica #2. It is likely that these shales will thicken deeper in the basin and as a result, March has identified and prepared its third exploration drilling location, Challacolla #1. This well is in a separate structure that is expected to be deeper into the Jurassic basin. This new location is in close proximity to surface exposures where much thicker, non-silicified shales were observed with high total organic carbon contents, which is a prerequisite for the presence of shale gas. March plans to spud this well in July.

As previously stated in the April 30, 2008 release, March believes that gas was observed in certain intervals in the Pica #1 well. These intervals, which were tested with a perforating unit, comprise the shallower Cerro Empexa and Guatacondo Formations. Gas in these intervals is believed to be sourced from the Majala Formation black shales, which remain the target in the third exploration location. March has also confirmed that one or more of the zones above the gas bearing intervals that were perforated in the Pica #1 well are water bearing. The water from those zones likely drowned the zones that flowed gas to surface and where a significant pressure build-up was observed. March will attempt to isolate the wet zones in an attempt to re-establish gas flow.

March has a 100% interest in both the Pica North and Pica South Blocks which in total cover 2.5 million acres.

Trading in the securities of the Corporation should be considered highly speculative.

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 information contained above related to the drilling results are subject to a number of qualifications and assumptions, and discloses no reserves of any nature. Prospective resources are those quantities of oil and gas estimated on a given date to be potentially recoverable from undiscovered accumulations. Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects.

There is no certainty that any portion of the resource will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. The reader is cautioned not to place undue reliance on this forward-looking information.

The 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.

FOR FURTHER INFORMATION PLEASE CONTACT:
        March Resources Corp.
        Dave Antony
        President and CEO
        (403) 531-1710
        Email: dantony@marchresources.ca
        Website: www.marchresources.ca

Source: March Resources Corp.

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