CALGARY, October 29, 2008 –
First Calgary Petroleums Ltd. (TSX: FCP, AIM: FPL) (First Calgary or the
Company) is pleased to announce that First Calgary received today shareholder, optionholder and court approvals
for the previously announced plan of arrangement involving First Calgary, Eni Canada Holding Ltd., Eni S.p.A. and
securityholders of First Calgary. 99.84% of the votes represented at the meeting in person or by proxy voted in
favour of the transaction.