Breaker Energy Ltd. lists on the Toronto Stock Exchange

CALGARY, Nov. 2 /CNW/ - Breaker Energy Ltd. (TSX: WAV.A and WAV.B) is
pleased to announce that the Toronto Stock Exchange ("TSX") has conditionally
approved the listing of the outstanding Class A Shares and Class B Shares of
Breaker on the TSX. The Class A Shares and Class B Shares will commence
trading upon opening on Friday, November 3, 2006. The Class A Shares and Class
B Shares will be delisted from the TSX Venture Exchange commencing upon
trading on the TSX.
Breaker Energy Ltd. is a junior oil and gas company focused on creating
shareholder value by growing per share production and reserves through
acquisitions and a focused exploration, development and exploitation plan.
Breaker has 34,845,175 Class A shares and 900,000 Class B shares
outstanding.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities of Breaker within the United
States. The securities of Breaker have not been and will not be registered
under the United States Securities Act of 1933, as amended (the "1933 Act"),
or any state securities laws. Accordingly, the shares may not be offered or
sold in the United States or to U.S. persons (as such terms are defined in
Regulation S under the 1933 Act) unless registered under 1933 Act and
applicable state securities laws or an exemption from such registration is
available.

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