TUCSON, Ariz.--(BUSINESS WIRE)--Nov. 30, 2004--
Fidelis Energy Inc. (OTCBB: FDEI), an emerging oil and
gas company dedicated to developing North America's energy resources,
is pleased to announce a forward stock split of its common shares on a
1.66 for 1 basis. This announcement was made on the company's Web site
on the 28th of November and is now being disseminated over Business
Wire to provide for the broadest public disclosure.
The split will be performed for those who are shareholders of
record on Dec. 8, 2004. For each share owned at that date, the company
will dividend an additional .66 shares without action required by the
shareholder. Holladay Stock Transfer, the company's transfer agent,
will journal the additional shares to the account of each shareholder
on the 8th of December. Those holding ownership in "street name" at a
brokerage firm should see the increase reflected in their December
statements.
The company took this action in an effort to maximize overall
long-term shareholder value. While any forward stock split provides a
short-term, and most often commensurate, decrease in share price, with
a subsequent increase in stock price, shareholders' overall principal
returns would be enhanced.
In summary, those shareholders who have purchased and own shares
as at Dec. 8, 2004 will be issued an additional .66 shares without any
required action on their part.

About Fidelis Energy Inc.

Based in Tucson, Ariz., Fidelis Energy is an oil and gas company
dedicated to developing North America's energy resources. Fidelis
Energy identifies, acquires and develops working interest percentages
in smaller, underdeveloped oil and gas projects in California, Canada,
and other promising locales that do not meet the requirements of
larger producers and developers. Through the use of modern development
techniques such as horizontal drilling and 3D seismic, the company
enhances production from underdeveloped and under-utilized projects,
as it pursues oil and gas production throughout North America.

Safe Harbor for Forward-Looking Statements

Except for statements of historical fact, the information
presented herein constitutes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual results,
performance or achievements of the company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include
general economic and business conditions, the ability to acquire and
develop specific projects, the ability to fund operations and changes
in consumer and business consumption habits and other factors over
which Fidelis Energy Inc. has little or no control.
For more information, please visit our Web site at www.fidelisenergy.com, or contact Investor Relations at 877-241-6100.

ON BEHALF OF THE BOARD
Fidelis Energy Inc.
Dan Hodges - President

KEYWORD: NORTH AMERICA ARIZONA CALIFORNIA UNITED STATES CANADA
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Fidelis Energy Inc.