TEX.A Texalta Petroleum Ltd.

Texalta Petroleum Ltd. ("Texalta") (TSX VENTURE:TEX.A) announces that drilling
operations on the 5-12-7-3 W2 vertical wildcat well were completed on Sunday May
31, 2009. 


The well encountered the Alida oil pay zone as expected, however, the reservoir
rock was found to be impervious limestone rather than porous dolomite, so that
even though the zone is oil saturated, it is not commercial and the well is to
be abandoned. This wildcat well was drilled on a separate seismic feature at the
southern most edge of the Wordsworth project area. Texalta's capital cost was
reduced through a farmout and will be approximately $80,000.


An Agreement has now been reached with landowners on the northern edge of the
Wordsworth area for work to begin on conversion of a previously drilled well
into a saltwater disposal well for use by the producing wells at Wordsworth. The
well will need to meet Saskatchewan Energy & Resources testing requirements as
to injectivity prior to final approval of the well.


The next well at Wordsworth is a horizontal development well located southeast
and parallel to the initial discovery well and should be completed by the end of
July 2009.


At Wildwood, Saskatchewan, Texalta and partners will begin operations in the
next weeks to perforate and test the Torquay zone in the deep vertical test well
which was drilled in October 2008 and suspended in November of 2008. 


In Australia, operations are progressing well on the 240 kilometre 2D seismic
program on Exploration Permits EP103 and EP104 in the Georgina Basin, Northern
Territory. As of June 1, 2009 the seismic contractor reports there are
approximately 6 kilometres of recording to complete. Wet weather conditions have
been an issue however, the previous estimated completion date of June 21, 2009
would appear to be reasonable. 


Texalta intends to pursue several additional drilling projects on its
Saskatchewan project areas through the end of 2009 calendar year and will make
further announcements as the details become available. The Company currently has
$1.2MM cash on hand, generates cash flow from approximately 175 boe per day of
production (average cost of production is $12 / bbl) and has no debt.


TEX.A is a Calgary based company engaged in the exploration, acquisition and
development of prospective oil & gas properties in Saskatchewan and Alberta,
Canada. The company's wholly owned subsidiary, Texalta Australia Pty. Ltd. holds
82 percent working interest in two exploration permits covering in excess of 5.5
million acres of prospective land in the Georgina Basin, Northern Territory,
Australia.

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