Ceres Capital Corp. (the "Company" or "Ceres") (TSX VENTURE:SRS) announces that
the change of the Company's name to Reliable Energy Ltd. was approved at the
annual general and special meeting of shareholders held earlier today. In
conjunction with the change of name, the Company's trading symbol will change to
"REL." The change of name and trading symbol will not become effective until all
regulatory filings and approvals have been completed and a further announcement
will be made once the effective date is known.


In addition, the Company announces that, effective immediately, Murray Swanson,
Vice President of Operations will replace Paul Moller as the Company's President
and CEO on an interim basis. Mr. Moller continues to be a member of the Board of
Directors.


The company continues to work on its projects and is pleased with its progress
to date on its current drilling program. Results will be released as available.


About Ceres and Reliable

Ceres is an Alberta based public company listed on the TSX Venture Exchange and
conducts its operations through Reliable Energy Ltd, a wholly owned subsidiary.
The Company is currently focused on two core areas in the Western Canadian
Sedimentary Basin. The first core area consists of an unconventional resource
play in the Bakken/Three Forks formation situated on the Saskatchewan - Manitoba
border. The second is a Devonian reef play in central Alberta.
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