Article: Watch producing gas at Fishing Lake; Trading Symbol: WR: TSXV.

WATCH RESOURCES LTD. ("Watch" or the "Company") is pleased to announce that it has equipped and tied-in its two natural gas wells drilled in late 2003 on the Fishing Lake property in Alberta. The wells have stabilized gross aggregate production of 1.25 million cubic feet of gas per day, and are delivering to a sales pipeline through third party compression and dehydration facilities. Estimated reserve life for the two wells is five to seven years. The Company has an average 87.5% working interest in the two wells.

The wells are the first of numerous identified targets in the Company's joint venture with the Fishing Lake Metis Settlement. Based on its evaluation ...

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