Buzz Telecommunications Services Inc V.BZZ

Zenas to begin trading on Aug 4

[JuJai]

CALGARY, ALBERTA--(CCNMatthews - July 28, 2005) - NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Shiningbank Energy Income Fund (TSX:SHN.UN) ("Shiningbank") and Blizzard Energy Inc. (TSX:BZZ) ("Blizzard") jointly announce today that Blizzard received securityholder approval at its special meeting for the previously announced plan of arrangement. Shareholders, optionholders and warrantholders of Blizzard voted 97.9% in favour of the plan of arrangement which included approval of the plan of arrangement, the stock option plan of Zenas Energy Corp. ("Zenas") and the initial $6.0 million private placement by Zenas. Shiningbank and Blizzard have also received approval of the Court of Queen's Bench of Alberta and all other necessary regulatory approvals. It is expected that the plan of arrangement will become effective August 2, 2005. In addition, the common shares of Zenas have been conditionally approved for listing on the Toronto Stock Exchange (the "TSX") and are expected to start trading under the symbol "ZNS" on Thursday, August 4, 2005, subject to Zenas fulfilling the listing requirements of the TSX. FOR FURTHER INFORMATION PLEASE CONTACT: SHININGBANK ENERGY LTD. David M. Fitzpatrick President and C.E.O. [phone] or Toll Free 1-866-268-7477 or SHININGBANK ENERGY LTD. Bruce K. Gibson Vice President, Finance and C.F.O. [phone] or Toll Free 1-866-268-7477 [phone] (FAX) Email: [e-mail] Website: www.shiningbank.com or BLIZZARD ENERGY INC. John Rooney President and C.E.O. [phone] or BLIZZARD ENERGY INC. Hal Metcalfe Vice-President, Finance and C.F.O. [phone] Website: www.blizzardenergy.ca or ZENAS ENERGY CORP. John Rooney President and C.E.O. [phone] or ZENAS ENERGY CORP. Hal Metcalfe Vice-President, Finance and C.F.O. [phone]