Did the binding fall apart on this binding agreement

And if so why?????????

PORTRUSH PETROLEUM CORPORATION

Vancouver BC

1(800)828 1866

TSX-V SYMBOL: PSH September 29, 2004

BULLETIN BOARD:PRRPF

Portrush to acquire 29% of McAlester Mission River project

Vancouver, B.C. - Portrush Petroleum Corporation and the McAlester Fuel Company are

pleased to announce that they have entered into a binding agreement whereby Portrush

has the right to acquire up to an additional 19% interest in the McAlester Mission River

re-development project located in the lower gulf coast of Texas, bringing its total

working interest in the project to 29%.

McAlester has agreed to immediately commission a reserve report on the project to

confirm the valuation used in the transaction. Portrush will acquire its additional interest

in two stages using a combination of cash and shares.

“We believe our relationship with Portrush will continue to grow as new oil and gas

prospects are identified by our technical team”, said Mr. E.G. (Gregg) Wallace, Jr.,

exploration manager for McAlester.

Contact: Martin Cotter, President

1(800)828 1866

This news release may contain forward-looking statements. Forward-looking statements address future events and

conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.