TSX Trading Symbol: UTS

CALGARY, March 20 /CNW/ - UTS Energy Corporation (UTS) advises that the

Fort Hills Energy Limited Partnership (the "Partnership") has reached an

agreement with the Government of Alberta to extend the term of the Fort Hills

oil sands leases in exchange for a commitment to increase upgrading capacity

in Alberta. The full text of the announcement from the Partnership is set out

below. The text of the agreement will be available on Alberta Energy's website

at http://www.energy.alberta.ca/.

"This agreement is good news for UTS," said William Roach, President and

Chief Executive Officer of UTS. "We've retained the value of the leases, and

we've made a long-term commitment to upgrading in Alberta when the economic

conditions are right. Our discussions with the government have been

productive, demonstrating again that Alberta is a good place to do business."

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March 20, 2009

Fort Hills Energy Limited Partnership reaches agreement with the

Government of Alberta on extending the Fort Hills Project mine leases

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Calgary, AB - The Fort Hills Energy L. P. ("The Partnership") announced

today that it has reached an agreement with the Government of Alberta to

extend the term of the Fort Hills oil sands leases, located 90 kilometres

north of Fort McMurray, Alberta. In exchange for a commitment to upgrade in

Alberta the bitumen produced from the second phase of the Fort Hills Project,

the agreement provides for extending the Fort Hills leases until 2019.

"Fort Hills is truly a made-in-Alberta project that we have been working

hard to deliver - but the current economic climate has slowed us down," said

Neil Camarta, Petro-Canada's senior vice-president of Oil Sands. "We are very

pleased that the province of Alberta has agreed to a compromise that gives us

the additional time to make this project a reality."

In November 2008, the Partnership announced the deferral of the final

investment decision on the mining portion of the Project until a cost estimate

consistent with the current market environment can be established. The

Sturgeon Upgrader ("Upgrader") portion of the Project was put on hold and a

decision on whether to proceed with the Upgrader will be made at a later date.

The Partnership consists of Petro-Canada with a 60% interest, UTS Energy

Corporation with a 20% working interest and Teck Cominco Limited with a 20%

interest, with Petro-Canada Oil Sands Inc., a wholly owned subsidiary of

Petro-Canada, as the contract operator for the Project.

Petro-Canada is one of Canada's largest oil and gas companies, operating

in both the upstream and downstream sectors of the industry in Canada and

internationally. Its common shares trade on the Toronto Stock Exchange (TSX)

under the symbol PCA and on the New York Stock Exchange (NYSE) under the

symbol PCZ.

UTS Energy Corporation is focused on growing and developing oil sands

assets. The company was instrumental in re-establishing the Fort Hills Oil

Sands Project and is the principal founder of the Fort Hills Energy

Partnership. Based in Calgary, Alberta, the company's common shares are traded

on the TSX under the symbol UTS.

Teck Cominco Limited is a diversified mining company, headquartered in

Vancouver, Canada. Its shares are listed on the TSX under the symbols TCK.A

and TCK.B and on the NYSE under the symbol TCK. The company is a world leader

in the production of zinc and metallurgical coal and is also a significant

producer of copper, gold, indium and other specialty metals. Furtherinformation can be found at